LONDON, March 19 (Reuters) - Clydesdale Bank and its former owner, National Australia Bank (NAB) (NAB) , did not charge unfair break fees on loans sold to small businesses between 2002 and 2010, London's High Court ruled on Tuesday.
The case was brought by four businesses against NAB and Clydesdale Bank - now part of Virgin Money UK Plc VMUK.L - in an attempt to establish liability in the dispute over loans. More than 900 other small firms were waiting in the wings.
The firms, represented by claims management company RGL Management, were seeking restitution for alleged unjust enrichment by the banks and breach of contract over fixed rate Tailored Business Loans (TBLs) bought between 2002 and 2010.
News: NAB Clydesdale Bank cleared of charging unfair fees to small firms
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$38.43 |
Change
-0.040(0.10%) |
Mkt cap ! $117.8B | |||
| Open | High | Low | Value | Volume |
| $38.33 | $38.48 | $38.33 | $7.543M | 196.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 324 | $38.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.45 | 193 | 3 |
View Market Depth
| Last trade - 10.06am 31/07/2025 (20 minute delay) ? |
| NAB (ASX) Chart |