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2,000 Clydesdale Clients Say Bank Misled Them On Loans

Law360, London (May 2, 2019, 7:17 PM BST) -- Clydesdale Bank is facing allegations that its customers lost “hundreds of millions of pounds” after it misled them about the charges for terminating their loans, with lawyers launching a collective action in a London court to recover the money.

Attorneys issued their first action in the High Court on behalf of 148 claimants on Wednesday, according to RGL Management Ltd., a litigation specialist that is helping to build the case. They are targeting the Scottish lender and its former owner National Australia Bank Ltd. over alleged misconduct that generally occurred between 2005 and 2012.   

Nearly 2,000 claimants from around the U.K. have already joined the group, RGL...

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