13th May 2018 This is Money - Police probe CYBG re TT Express
10th May 2018 APPG parliamentary debate
Stephen Kerr MP (Scottish Conservative ; Stirling) :-
19th April 2018 Sunday Times - Outlook for CYBG
18th April 2018
Clydesdale sets aside a further £350m to meet "PPI compensation claims".
The Telegraph :-
The Independent :-
Herald Scotland :-
CYBG accounts 2016 :-
Page 5 states that "customer loans" total £29.4bn.
Santander accounts 2016 :-
Page 23 states that "advances secured on residential property" total £154.7bn.
"Of the other major banks, Santander announced in January that it had made provision for an additional £109 million of PPI charges during 2017."
Assuming that PPI was mis sold just as intensely by Santander as Clydesdale, the provision for PPI compensation by Clydesdale should have been :-
£109m times 29.4bn divided by 154.7bn............or £20.7m.
So why is it £350m?
Is Clydesdale hiding TBL compensation in the PPI figure?
27th March 2018 Sydney Morning Herald - Austrac
23rd March 2018 Financial Review - Banking Royal Commission day 9
23rd March 2018 Sydney Morning Herald - NAB culture
22nd March 2018 Herald Scotland - RGL claim
22nd March 2018 City am - RGL claim
17th March 2018 ABC News - NAB under investigation
9th March 2018 City AM David Thorburn resigns from PRC
26th Feb 2018 Dr Evan Jones - NAB