Following NAB ( NAB ) confirmation yesterday that it was spinning off TSB in early February 2016 , the CEO of Clydesdale , Duffy , hinted that the bank could be a target or lead consolidation among UK 's "challenger" banks, once it has been floated by its parent, NAB . However, bad debts halved to £38m, He added that there has been much speculation about consolidation among the Britain challenger banks, partly stimulated by the flotation and demerger from Lloyds of its TSB subsidiary.
Following NAB ( NAB ) confirmation yesterday that it was spinning off TSB in early February 2016 , the CEO of Clydesdale , Duffy , hinted that the bank could be a target or lead consolidation among UK 's "challenger" banks, once it has been floated by its parent, NAB . He added that there has been much speculation about consolidation among the Britain challenger banks, partly stimulated by the flotation and demerger from Lloyds of its TSB subsidiary.