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April 27, 2015 8:17 AM ET


Company Overview of Clydesdale Bank PLC

Company Overview

Clydesdale Bank PLC, together with its subsidiaries, engages in the retail and commercial banking business, primarily in the north of England and in Scotland. The company operates in two segments, Business & Private Banking, and Retail Banking. It offers current accounts, savings accounts, and term deposits; personal and car loans; credit cards; mortgages; home, car, travel, life and critical illness, motor, and commercial insurance products; prepaid currency cards; and Internet banking and mobile banking services. The company also provides asset finance, acquisition finance, invoice finance, and business growth finance; treasury solutions, including foreign exchange risk management, currenc...

30 St Vincent Place

Glasgow,  G1 2HL

United Kingdom

Founded in 1838

4,758 Employees

Key Executives for Clydesdale Bank PLC

Acting Chief Executive Officer, Chief Operating Officer and Executive Director
Age: 43
Executive Director and Member of Risk Committee
Age: 60
Chief Risk Officer
Chairman of Financial Solutions Centre
Chairman of Kent Operations
Compensation as of Fiscal Year 2014.

Clydesdale Bank PLC Key Developments

National Australia Bank Reportedly Pushes For Sale of Clydesdale

National Australia Bank Limited (ASX:NAB) is pushing ahead with the planned sale of Clydesdale Bank PLC. Morgan Stanley and Macquarie are working on the deal, with sources saying NAB is mulling all options, including a demerger, float or a trade sale.

National Australia Bank Reportedly Courting Investors For UK Operations IPO

National Australia Bank Limited (ASX:NAB) is holding preliminary meetings with institutional investors in March 2015 as it prepares a public offering for its U.K. operations, Sky News reported. A few private equity firms along with competitors such as TSB Banking Group Plc are considered likely bidders for Clydesdale Bank PLC, the report stated.

Yorkshire and Clydesdale Banks Appoint Debbie Crosbie as Acting CEO

Yorkshire and Clydesdale banks appointed Debbie Crosbie as acting chief executive of the banks. Debbie Crosbie will lead the banks until the arrival within the next few months of David Duffy, the incoming CEO. He is joining from Allied Irish Banks, having led a turnaround of the state-owned lenders, and will be tasked with preparing Yorkshire and Clydesdale for sale, probably via an initial public offering. Mr. Duffy is replacing David Thorburn, who is standing down after nearly four years in the role. He was formerly deputy to previous CEO Lynne Peacock.

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