Thousands of Clydesdale Bank employees in Scotland face uncertainty about their jobs as chief executive David Thorburn declared returns are "unacceptable", with Government austerity measures helping trigger a radical strategic review.
Mr Thorburn blamed the move on "the faltering economic recovery and the changing economics of banking".
Costs at the bank have more than doubled since the financial crisis, he said, as it beefed up capital and liquidity levels and it is spending £25 million a year on regulatory changes.
