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Nab Customer Support Group
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Support group for business customers of Clydesdale & Yorkshire Bank sold fixed rate loans or mortgages containing embedded interest rate swaps
Support group for business customers of Clydesdale & Yorkshire Bank sold fixed rate loans or mortgages containing embedded interest rate swaps

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Is it the case that Interest Rate Hedging Products currently under review and fixed rate loans lobbied for review are being stalled by Government, Regulators and Banks to avoid miscreant bank sales staff (including Directors) having to pay back commissions and bonuses under new measures proposed by the Bank of England? #interestrateswap   #interestrateswapmisselling  
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Seems that Clydesdale owners National Australia Bank are losing their touch, could NAB be under more presssure from the Australian farming community whose lives have been destroyed by their actions?
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Are Clydesdale and Yorkshire bank owners NAB sympathetic to the plight of customers affected by mis-selling? It's doubtful this is the case in respect of Destiny Church.

National Australia Bank do not seem to have a good track record according to Dr John Evans who amongst other things says that:-

'the two most relevant entities to regulate and mediate bank malpractice – the Australian Securities and Investments Commission and the Financial Ombudsman Service – are, respectively, criminally missing in action and criminally complicit.'

With regard to the interest rate hedging products mis-selling debacle in the UK, is it the case that regulators along with banks could be colluding for damage limitation?

#nationalaustraliabank  #interstrateswapmisselling
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Clydesdale Bank/National Australia Bank Inaction over loan mis-selling continues to hurt Scottish charity, Destiny Church. 
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Clydesdale Bank Hit Charity Hard With 'Hidden Swap Loans', is This The Actions of a Caring Bank?

#clydesdale_bank   #nab   #interestrateswapmisselling  
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Charity, Destiny Church says it's work helping the homeless and vulnerable has been severely affected by the loans it was mis-sold by Clydesdale Bank, owned by National Australia Bank.

The Charity estimates that Clydesdale is overcharging it by £5,500 per month and the hidden break clauses in the loans have cost the Charity £400,000 to date which would otherwise have gone to help the poor and needy.  

#nationalaustraliabank   #clydesdalebank   #interestrateswapmisselling  
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Clydesdale and Yorkshire Banks' Owners, National Australia Bank are under increasing pressure as Treasury Select Committee call for evidence from FSB and businesses mis-sold 'Unenforceable' Tailored Business Loans.

#tailoredbusinessloans  #NAB #yorkshirebank #clydesdalebank  #interestrateswapmisselling
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Aberdeen Interest Rate Swap Conference is declared a success, as MP Thurso takes the lead in addressing support group members.

Thurso suggests changing the Financial Ombudsman Scheme compensation limits and 'getting banks, regulators, pressure groups and the FSB around the Treasury Select Committee table to 'sort things out'.
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If you have taken out a Fixed Rate Loan, then you may have an 'embedded swap' with significant break costs. If the loan is paid off, you may still be entitled to redress.

Find out more at the 'NAB Customer Support Group' conference in Aberdeen on 6th March 2014. Guest speakers include:-

Iain Mitchell QC of QA Legal
Cambridge academic Richard Dempster
Treasury Select Committee member MP John Thurso.
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