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.
Custom byline text:
Tim Sharp
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.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
