DAYS after insisting it was "business as usual" at its Guernsey-based offshore division, Clydesdale Bank has announced the closure of the business.
DAYS after insisting it was \"business as usual\" at its Guernsey-based offshore division, Clydesdale Bank has announced the closure of the business.
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Clydesdale Bank International, which provides savings products for expatriates, is no longer taking deposits. Staff have been told to manage the run-down of the existing customer book, which will take it until next year.
Andrew Pearce, retail director at Clydesdale Bank, said: "We have been reviewing our strategy across the whole of Clydesdale Bank and are concentrating our efforts on what we do best in those areas we are strongest.
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