Clydesdale, NAB Hit With More Loan Misselling Claims

By Lucia Osborne-Crowley (September 28, 2021, 12:44 PM BST) -- Clydesdale Bank and its former owner, National Australia Bank, have been hit with a new wave of lawsuits brought by business customers who were allegedly overcharged when they were presented with loan break fees, lawyers for the claimants said on Tuesday.

RGL Management Ltd., a firm that specializes in large-scale commercial lawsuits against lenders, said that a new claim filed with the Chancery Division of the High Court has added 436 claims from 266 businesses to a large lawsuit against Clydesdale bank PLC and Yorkshire Bank — which are now part of Virgin Money UK PLC — and its former Australian...

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