Clydesdale Set To Split From Oz Parent Bank

Clydesdale Bank is set to be hived off from its Australian parent company and then floated on the stock market. The split of the Glasgow-based high street lender from National Australia Bank (NAB) is planned to go through by the end of the year. Up to 30% of Clydesdale, which includes Yorkshire Bank, will be sold off  to institutional investors. NAB said last autumn the Clydesdale demerger was an ''absolute priority'' after it reported a dip in full-year profits, which was b