Clydesdale,which has 2.8 million customers and a £20bn mortgage book, is expected to be section of the FTSE-250 indexClydesdale Bank is to go ahead with a listing on the London Stock Exchange and the Australian Securities Exchange next year as section of its demerger from National Australia Bank.
NAB said in May it would sell 20-30% of its British trade, or which includes the Clydesdale and Yorkshire bank brands. The float will allow NAB to shore up its balance sheet after regulators imposed stricter rules on banks.
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Source: theguardian.com