He said Clydesdale and Yorkshire banks balance sheet was “robust”, with improved loan quality, and that it was also easier to question “the commercial viability of everything we do” locally rather than “being (partly) managed from thousands of miles away”. Following the National Australia Bank's (NAB) confirmation yesterday that it was spinning off Clydesdale Bank in early February 2016, the CEO of Clydesdale, David Duffy, hinted that the bank could be a target or lead consolidation among Britain's "challenger" banks, once it has been floated by its parent, NAB. The announcement came as part of an update to the bank's annual report, which revealed that Clydesdale had posted a net loss for the year ending March 31, 2016.
Following the National Australia Bank's (NAB) confirmation yesterday that it was spinning off Clydesdale Bank in early February 2016, the CEO of Clydesdale, David Duffy, hinted that the bank could be a target or lead consolidation among Britain's "challenger" banks, once it has been floated by its parent, NAB. The announcement came as part of an update to the bank's annual report, which revealed that Clydesdale had posted a net loss for the year ending March 31, 2016.