RGL Partners with All Square in Augusta-Funded Claim Against NAB & Clydesdale

RGL Management has teamed up with All Square Finance Limited in a class action against NAB and Clydesdale bank that is being funded by Augusta Ventures. The action alleges that the now ASX and LSE-listed Clydesdale & Yorkshire Bank, formerly owned by NAB, defrauded over 8,000 businesses and individuals between 2001 and 2012 by offering fixed rate loans that were actually floating rate. The claim alleges the bank hid the floating rate terms from customers, surprising them with rising interest rates and exorbitantly high exit costs from the financial products.

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