Clydesdale

What made financial headlines over the weekend?

Creating UK's fifth-largest bank

Targeted by CYBG

Clydesdale Bank is to be sold off in a demerger by parent National Australia Bank (NAB) which will see the business acquired in part by shareholders with the remainder listed on the open market.

The Financial Conduct Authority (FCA) has fined Clydesdale Bank £20.6m for serious failings in its payment protection insurance (PPI) complaint handling processes that may have led to thousands of claims being rejected unfairly.

Fines levied by the regulator against the financial services industry soared by almost 50% this year, as the tougher stance of the new Financial Conduct Authority (FCA) left its mark.

QUICK QUIZ

High-risk home loans, once dubbed ticking timebombs by the City watchdog, are back on sale - but this time with a safety net attached.

Axa UK plans to withdraw face-to-face financial advice in the branches of its UK banking partners the Co-op, Clydesdale and Yorkshire Banks.

A law firm is preparing to launch claims amounting to £23m against Yorkshire Bank for professional negligence related to money invested in Arck LLP.