CYBG:NAB Remediation Support Group is set up to assist Members in obtaining recompense for damage to their businesses as a result of CYBG PLC mis-selling business loans from 2000.
CYBG PLC Virgin Money Share Price as at dates below.
Friday 10 August 2018 – 353 p per share
Monday 12 August 2019 – 146 p per share (-60%)
Check the current share price here. (opens in a new window)
On the SAME day CYBG CEO David Duffy sold circa £272K in shares AND received circa £564K in gifted (cost to him £0) shares (this after selling c £345K in shares on 18 February 2019 and received circa £725K in gifted shares (cost to him £0).
Daid Duffy CYBG CFO colleague Ian Smith sold circa £84K in shares AND received almost circa £169K in gifted (cost to him £0) shares (this after selling circa £106K in shares on 18 February 2019 and received circa £218k in gifted shares (cost to him £0).
This is after the Melbourne AGM on 30 January 2019 had 34.2% vote against the remuneration.
… ‘Australia needs stability in its banking sector. So does Britain. To bring it about, banks everywhere need to do far more to truly act in their customers’ interests, as opposed to being as aggressive as possible over issues such as remediation for past wrongs… Will it happen? Sadly, I doubt it.’…
Katherine Griffiths is Banking Editor of The Times UK – 23 Jan. 2019
As a strategic business opportunity, indeed necessity, we challenged the CYBG PLC Chairman, CEO and Board directly at their recent AGM to prove Katherine’s well-founded scepticism wrong and truly set CYBG out as a different UK Bank now!
CYBG Remediation Support Group presents our latest video clip which includes extracts from the Clydesdale Bank (CYBGPLC) 2019 shareholders AGM in Melbourne, Australia on 30 January 2019, including a significant and important business strategy presentation by the Chair Jim Pettigrew and CEO David Duffy.
Also included is some media coverage in the few days before and after the AGM. Mr Ian Lightbody from NABCSG makes some comments and poses three questions during Q&A as well as a number from Australian Bank Warriors.
Towards the end of the video clip (42 mins), you will hear Jim Pettigrew refer to meeting Ian Lightbody after the AGM, which took place with the Australian Bank Warriors, one of whom recorded the discussion which can be heard here and a transcript of the discussion, here.
Underpinning some of those CYBG answers at the AGM are the supplier code of conduct, published on the CYBG website on page 6, (PDF Link here).
‘We value integrity, fairness, honesty, respect, consistency and collaboration as the hallmarks of good relationships’.
The CYBG Remediation Support Group expects Members to reciprocate the conduct and behaviour they encounter at all levels of CYBG PLC.
If you are a victim of Clydesdale Bank or Yorkshire Bank (CYBG PLC) then please contact us via email to email@example.com, scanning any of your loan facility letters to verify your identity.
A crucial letter was sent after Mr. Ian Lightbody returned home to Glasgow after the 2019 AGM. That 4-page letter is in the Members section…..now released HERE (CLICK ON THIS LINK) prior to the FCA Public Meeting on Wednesday 17 July 2019 at 9.30 am in London.
1) Pettigrew Esq. Chairman. 2) Duffy Esq. CEO.
Floor 15 The Leadenhall Building
122 Leadenhall Street
4 February 2019
Dear Jim / David,
Message from Andrew Bailey FCA CEO for the CYBG Remediation Support Group inaugural meeting:
“The FCA is firmly in support of satisfactory resolution of past cases involving banks and small firms, including tailored business loans. We agree that the framework proposed by the Walker Review should be developed to provide effective arbitration and resolution which is independent and fair. It is important that the design and oversight of these arrangements reflect the views of all parties.”
Message from Jim Shannon, MP for Strangford, (DUP), for the inaugural group meeting, can be found in the members’ area.
Useful Links for Bank Victims
Transcript of the meeting with the Press Association after CYBG meeting on Friday 22nd March at 7.15pm – photo of the three of us
Jun 21 2019 Rachel Wolcott, Regulatory Intelligence, Reuters: FCA’s 15-month interest-rate swap redress review to hinder claims, say industry officials.
David Duffy: ‘It’s a tough thing to do but you’re building something that could be very disruptive and irritating for the other big banks, which fills me with great pleasure’