Clydesdale Upbeat but Stonewalls Talk of Bids

Summary


CLYDESDALE Bank yesterday pointed to early signs of economic recovery in the UK, but remained tightlipped about plans to expand through acquisition.

The Glasgow-based bank, owned by National Australia Bank (NAB), said its cash earnings in the three months to 31 December had been boosted by a lower bad debt charge and lower funding costs, with interest rates down on a year ago.

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Extract


Clydesdale Upbeat but Stonewalls Talk of Bids

This came despite the percentage of its loan book at least 90 days...

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