Why is CYBG Britain's Least Admired Company 2016?

The challenger bank is formidable in size but is dogged by memories of scandal.

by Andrew Saunders

Formative years

It may sound like a tongue twister, but CYBG is actually one of those new-fangled challenger banks. Its constituent parts - Clydesdale and Yorkshire banks - date back to the muscular regional economies of the 19th century, but in its current form it is but a callow youth. Its life as a FTSE 250 member began as recently as February 2016, with a £1.6bn IPO by then-owner National Australia Bank. Having been trying the escape the UK market for a decade, NAB breathed a sigh of relief and hightailed it happily back to its Antipodean core market.


Britain's Most Admired Companies 2016: see the full list

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