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Violation Tracker UK Individual Case

Company: Clydesdale Bank plc
Current Parent CompanyVirgin Money UK PLC
Parent at the Time of the Penalty Announcement: Virgin Money UK PLC
Penalty: £0
Year: 2021
Date: 5 February, 2021
Offence Group: financial offences
Offence Type: banking violation
Violation Description: The CMA informed Clydesdale Bank that it believed the company was in breach of the 2002 undertaking not to bundle business current accounts and loans as they restricted customer choice, but would take no formal action if the company adhered to an Action Plan to cure the breach.
Action Type: agency action
Agency: Competition and Markets Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data(click here)