Hundreds more businesses join legal fight against Clydesdale Bank

By Holly Williams
Published 28th Sep 2021, 11:35 BST
Updated 28th Sep 2021, 11:35 BST
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Clydesdale and Yorkshire bank group CYBG was formed in 2016 after NAB divested its UK operations and was then renamed Virgin Money after a £1.6 billion takeover of Sir Richard Branson's banking group. Picture: John DevlinClydesdale and Yorkshire bank group CYBG was formed in 2016 after NAB divested its UK operations and was then renamed Virgin Money after a £1.6 billion takeover of Sir Richard Branson's banking group. Picture: John Devlin
Clydesdale and Yorkshire bank group CYBG was formed in 2016 after NAB divested its UK operations and was then renamed Virgin Money after a £1.6 billion takeover of Sir Richard Branson's banking group. Picture: John Devlin
More than 800 small businesses have now joined forces in a long-running legal battle against the Clydesdale and Yorkshire banks after hundreds of new claimants came on board.

Claims firm RGL Management, which is managing the legal action, said it has added another 436 claims on behalf of 266 small firms against Clydesdale, which is now part of Glasgow-headquartered Virgin Money, and its former owner, National Australia Bank (NAB).

The latest tranche takes the total number of claims to 1,345, representing 823 small businesses, according to RGL.

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