Mortgage News
Yorkshire and Clydesdale to cut 1,400 jobs
Some 1,400 jobs at Yorkshire and Clydesdale banks are to be cut, with the 29 of the banks’ Financial Solutions Centres also set to close.
A note to investors from the banks’ owners, National Australia Bank, confirmed there would be a significant reduction in the number of Financial Solution Centres.
It said 29 out of 73 would close, and nine would be consolidated with retail branches.
A strategic review of UK operations concluded it needed to simplify its business model to focus on retail operations and SME lending.
