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Owner of Clydesdale & Yorkshire Banks looking to ditch
Back in 1987 when the National Australia Bank (NAB), bought Clydesdale and Yorkshire Banks, they couldn’t possibly have known of the scandals that would follow.
Seen as a sound investment, and a way into the lucrative UK market, the Australians must have believed that purchasing the two banks was a shrewd piece of business.
With two long established, and well respected banks, all seemed well until the financial crisis that kicked in from 2008.
Scandals and fines
During the crisis it became apparent that UK banks, including Clydesdale and Yorkshire Banks, had been using their customers to generate huge profits by offering poor advice, or selling unwanted, and sometimes hidden, policies.
In September 2013 Clydesdale Bank were fined £8.9 MILLION for failing to treat it’s mortgage customers fairly.
It appears that profits came before customers, which unfortunately is often the case these days with banks and lenders.
PPI Scandal
Clydesdale & Yorkshire Banks have played a huge part in the mis-selling of PPI, which is the biggest financial scandal ever to hit the UK.
With a recent additions to their PPI compensation bill of £500 MILLION, taking their overall bill to £1.2 BILLION, the numbers are simply staggering, when you consider the two banks are not seen as anywhere near the scale of Lloyds, HSBC, Barclays or RBS.
NAB want out
Given the scandals as outlined above, and the almost guarantee that the PPI bill will increase further, it perhaps comes as little surprise that National Australia Bank (NAB) want to wash their hands of Clydesdale & Yorkshire Banks.
The damage to the reputation of NAB, and the spiralling cost of PPI compensation claims appears to have become too much.
A recent statement made it perfectly clear that NAB want to ditch the two UK banks and soon as possible, and we can fully understand why.
Start your Clydesdale & Yorkshire Bank PPI claim
If you have had a loan or mortgage with Clydesdale Bank or Yorkshire Bank within the last 25 years there’s every chance you’ll have been paying for PPI.
We’ve made claiming easy, taking the stress out of you having to deal with the paperwork, the stress, and the tactics employed by the bank to try and wriggle out of paying.
So….how do you start your claim?
#1: The first option for you is to fill in the form which can be seen on every page. By doing so, we will send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we send you with your form, we can make a start on your Clydesdale or Yorkshire PPI claim.
#2: The second option for you is to download our form, which again can be found on every page by clicking the ‘download pack’ button. Simply print it out, complete it and send it back to us, our address can be found here. Once we receive is back we’ll let you know and make a start.
Our team of experts are on hand to answer any questions you have via telephone, email or our live chat facility.
So….why wait, let’s get started!
Clydesdale & Yorkshire
