UK blow for NAB

NAB's subsidiary Clydesdale Bank has been named as one of 13 banks and credit card providers involved in a mis-selling scandal in the UK. Authorities say the firms will have to pay compensation of up to £1.3 billion ($2.2 billion) to 7 million customers, who were sold insurance products that were unnecessary or wrongly described.

NAB's subsidiary Clydesdale Bank has been named as one of 13 banks and credit card providers involved in a mis-selling scandal in the UK. Authorities say the firms will have to pay compensation of up to £1.3 billion ($2.2 billion) to 7 million customers, who were sold insurance products that were unnecessary or wrongly described.

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