Clydesdale Bank International has announced that it is to close its Guernsey operations, through a gradual wind-down which is not expected to be complete before next year. The news comes after a global review which has led to a decision that the Australian owned bank should focus on its core business, and will eventually lead to the loss of 19 jobs.
The Guernsey branch of the bank, which primarily provided services to expats and Guernsey residents, has stopped accepting new business and will be transitioning its existing customers.
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