Clydesdale Bank plc

Type: Company
Name: Clydesdale Bank plc
First reported 17 hours ago - Updated 17 hours ago - 1 reports

Clydesdale owner offloads pound(s)625m of UK property loans

THE owner of Clydesdale Bank has agreed to sell a pound(s)625million chunk of its UK commercial property loan book to an affiliate of Cerberus Global Investors for an undisclosed sum. National Australia Bank (NAB) said it reduces the value of the commercial ... [Published Street Sweeper - 17 hours ago]
First reported Jul 28 2014 - Updated Jul 28 2014 - 3 reports

Australia’s NAB sells $1 bln UK property loan portfolio: Reuters

National Australia Bank Ltd has agreed to sell a 625 million pound ($1 billion) portfolio of mostly non-performing UK commercial property loans to an affiliate of private equity firm Cerberus Global Investors . NAB, which has seen its UK business ... [Published PE Hub Blog - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Australia's NAB sells $1 billion UK property loan portfolio

NAB owns the Clydesdale and Yorkshire Banks in the United Kingdom.The sale, which includes loans that are either in default, passed maturity or nearing maturity, will cut NAB's gross loans balance of its UK commercial real estate portfolio by a fifth ... [Published NewsRT.co.uk - Jul 28 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

Small business customers face identity checks by Clydesdale

Small business customers of Clydesdale Bank whose property- backed loans were transferred to National Australia Bank two years ago have been asked to supply their passports for a new identity check.... ... [Published Street Sweeper - Jul 26 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

Leeds Building Society adds to new mortgage battle

Leeds Building Society has made sweeping reductions to a selection of its fixed-rate mortgages as a new surge of activity from local lenders spices up the mortgage market again.The society has cut rates across its  fixed-rate mortgage range and improved ... [Published Which4U.co.uk - Jul 26 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

Fake £20 notes man narrowly escapes jail

A Forfar man, who passed counterfeit £20 notes in shops around Angus, was sentenced at the sheriff court.Ross Brown, 27, of Lordburn Place, previously admitted passing the counterfeit Clydesdale Bank bills on three occasions last year, on January 18 at ... [Published Evening Telegraph - Jul 26 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

Furness Building Society keeps dream alive for first-time buyers

Just as we were beginning to accept the fact that rock-bottom mortgage deals were at an end, the Furness Building Society has thrown its hat back into the ring with a stunning discounted deal for first-time buyers.The Cumbria-based lender has reduced ... [Published Which4U.co.uk - Jul 24 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Shoosmiths advises Softbox on investment by Great Point Partners

23 July 2014Shoosmiths’ Adam Dowdney has advised the shareholders of Softbox Systems — a manufacturer and distributor of temperature-controlled packaging systems to the pharmaceutical industry — on the strategic majority investment by US private equity ... [Published The Lawyer - Jul 23 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 1 reports

02/06/14 Clydesdale and Yorkshire Banks Lowest Ever Personal Loan Rate

Clydesdale Bank and Yorkshire Bank have cut the rates for unsecured online personal loans between £7,500 - £15,000 to their lowest ever.From today, loans between £7,500 and £15,000 will be available from just 4.3% APR*.  The rate is available to new and ... [Published Yorkshire Bank - Jul 17 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 1 reports

Clydesdale and Yorkshire launch Personal Loan offer

Clydesdale Bank and Yorkshire Bank have launched a lower rate offer for unsecured online personal loans between £15,001 and £25,000 for a limited period.Loans from £15,001 to £25,000 will be available from 5.7% APR* . The rate is available to new and ... [Published Yorkshire Bank - Jul 10 2014]
First reported Jul 03 2014 - Updated Jul 03 2014 - 1 reports

Clydesdale Bank backs Tracscare buyout

Caring Times LatestClydesdale Bank has provided funding worth £16.75m, as part of a three bank senior debt package, to support the management buyout of specialist care provider Tracscare Group.The purchase of Tracscare by its management team was supported ... [Published Careinfo.org - Jul 03 2014]
First reported Jul 02 2014 - Updated Jul 02 2014 - 1 reports

Firms 'bullish' on overseas sales

Smaller firms in Scotland are bullish about their international prospects over the next 12 months as a result of improving economic conditions at home, according to a Clydesdale Bank report.It suggested a third of Scottish small and medium-sized businesses ... [Published BBC - Jul 02 2014]

Quotes

"This sale represents a substantial de-risking of the non-performing portion of the NAB UK commercial real estate portfolio."
"We've progressively reduced our exposure to UK commercial property loans through organic run-off. This sale represents a substantial de-risking of the non performing portion of the NAB UK CRE portfolio" Thorburn said
"These are themes that point to the Australian consumer being a little bit more careful, a little bit more prudent in terms of understanding debt and ensuring they keep that under control" Mr Cahill told BusinessDay
Mr Glare has told Mr Thorburn: "This is yet another argument that supports the case for a full review into the behaviour of NAB, in addition to a cross-bank review of fixed rate loans embedding derivatives."

More Content

All (104) | News (97) | Reports (0) | Blogs (5) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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Denny & Dunipace news from Thursday, July 31 [Published Falkirk Herald - 6 hours ago]
Clydesdale owner offloads pound(s)625m of UK pr... [Published Street Sweeper - 17 hours ago]
In the papers 'IMF cautions that pound is overv... [Published Proactiveinvestors United Kingdom RSS feed - 21 hours ago]
Australia’s NAB sells $1 bln UK property loan p... [Published PE Hub Blog - Jul 28 2014]
Clydesdale owner sells £625m of property loans [Published The Scotsman - Jul 28 2014]
National Australia Bank Sells £625m of Distress... [Published International Business Times UK - Jul 28 2014]
Australia's NAB sells $1 billion UK property lo... [Published NewsRT.co.uk - Jul 28 2014]
Markets Live: Shares slip in early trade [Published Brisbane Times - Jul 28 2014]
Australia's NAB sells $1 bln UK property loan p... [Published Sharenet - Jul 28 2014]
Australia's NAB sells $1 billion UK property lo... [Published Reuters India - Jul 28 2014]
NAB sells $1.13b parcel of distressed property ... [Published Sydney Morning Herald - Jul 28 2014]
NAB offloads $1.2bn UK loans [Published Individual.com - Jul 27 2014]
Statement about grants awarded to Big Society N... [Published NESTA - Jul 26 2014]
Small business customers face identity checks b... [Published Street Sweeper - Jul 26 2014]
Leeds Building Society adds to new mortgage battle [Published Which4U.co.uk - Jul 26 2014]
Fake £20 notes man narrowly escapes jail [Published Evening Telegraph - Jul 26 2014]
Small business customers face identity checks b... [Published Herald Scotland - Jul 26 2014]
Furness Building Society keeps dream alive for ... [Published Which4U.co.uk - Jul 24 2014]
Shoosmiths advises Softbox on investment by Gre... [Published The Lawyer - Jul 23 2014]
Host City Glasgow: out with shipyards, in with ... [Published Conversation UK - Jul 23 2014]
Denny & Dunipace news from Thursday, July 24 [Published Falkirk Herald - Jul 22 2014]
Which? research reveals flurry of Isa rate cuts [Published Which? - Jul 19 2014]
12,000 set to join Kirkcaldy’s Rio carnival [Published Fife Today - Jul 18 2014]
Check borrowing plans with interest rates likel... [Published Farmers Guardian - Jul 18 2014]
16/06/14 Confidence in Yorkshire property mark... [Published Yorkshire Bank - Jul 17 2014]
Post Office Services Expand for Clydesdale and ... [Published Yorkshire Bank - Jul 17 2014]
02/06/14 Clydesdale and Yorkshire Banks Lowest... [Published Yorkshire Bank - Jul 17 2014]
Yorkshire Bank Recognises Community Spirit in E... [Published Yorkshire Bank - Jul 17 2014]
Bidders circle as NAB offloads non-performing B... [Published Individual.com - Jul 16 2014]
Acquisition Update - FCA approval and financing [Published MoneyAM - Jul 16 2014]
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Blogs

sort by: Date | Relevance
Australia’s NAB sells $1 bln UK property loan p... [Published PE Hub Blog - Jul 28 2014]
National Australia Bank Ltd has agreed to sell a 625 million pound ($1 billion) portfolio of mostly non-performing UK commercial property loans to an affiliate of private equity firm Cerberus Global Investors . NAB, which has seen its UK business ...
UK’s Vista Retail Support in secondary MBO [Published PE Hub Blog - May 27 2014]
Technology support business Vista Retail Support has completed a management buyout of the business backed by WestBridge Capital . Octopus Investments and Clydesdale Bank also provided financing for the deal. PRESS RELEASE Vista Retail Support ...
Frontrunning: May 23 [Published Zero Hedge - May 23 2014]
The Fed can't print trade? World Trade Flows Fall in First Quarter ( WSJ ) PBOC’s Zhou Says China May Have Housing Bubble in ‘Some Cities’ ( BBG ) ECB's Weidmann - Reviving ABS market not task for central bank ( Reuters ) LOL: Fitch upgrades Greece by ...
Ghosts of Banking Past [Published Light Blue Touchpaper - Mar 05 2014]
Bank names are so tricksy — they all have similar words in them… and so it’s common to see phishing feeds with slightly the wrong brand identified as being impersonated. However, this story is about how something the way around has happened, in that ...
Former SWIFT CEO Joins Security and Finance Exp... [Published Marketwire - Breaking News Releases - Jan 30 2014]
SWIFT, SecureWorks and Clydesdale Bank Veterans Will Help Drive Global Growth of Online Identity Service in Financial Sector ...
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