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The failings also relate to Yorkshire Bank, which is a sister business of Clydesdale within parent company National Australia Bank The banks are now reviewing all PPI complaints handled prior to last August and have offered redress to any customers impacted by the failings.
Deloitte faces a fine of up to £20m and the suspension of one of its partners after a tribunal ruled the accountants had shown a “deliberate disregard” for professional ethics in its handling of the sale of defunct carmaker MG Rover. The Financial Reporting Council’s (FRC) tribunal dismissed an appeal by Deloitte against an earlier ruling and said the firm had failed to manage the conflicts of interest created by its role as the advisers to MG Rover and the “Phoenix Four” directors that bought the business out of administration. The tribunal has the power to impose an unlimited fine and