While Glasgow-based Clydesdale has avoided the large-scale jobs culls implemented by Royal Bank of Scotland and Lloyds Banking Group, its bailed-out competitors north of the Border, Mr Thorburn’s comments on job numbers highlight the general pressures on the sector in what he called a “very difficult economic environment”.
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Staff numbers will drop at Clydesdale
CLYDESDALE Bank chief executive David Thorburn said yesterday that staff numbers would fall amid weak demand for lending, as he revealed a lower bad debt charge had enabled a hike in annual profits.
