- 5 updates
The owners of Clydesdale and Yorkshire Banks say the business will now focus mainly on Scotland and Northern England.
- 29 Financial Solution Centres in southern England will close
- Six back office locations will also be shut down
- Clydesdale and Yorkshire banks racked up a £25 million loss in the first half of the year
- Problems have been fuelled by the commercial property market
The Clydesdale and Yorkshire banks are to cut more than 1,400 jobs in the UK, their owner, National Australia Bank, said today.
After a review of its UK unit, which comprises over 335 Clydesdale and Yorkshire branches, NAB said it would complete the job cuts by 2015, close some back offices, and take on most of the unit's commercial real estate exposure of £6.2 billion.