NAB pushed into clearing role by Clydesdale spin-off

Both parties felt it might be difficult for the UK bank to find a clearing provider alone

NAB-australia
NAB: clearing "costs money and chews up capital"

National Australia Bank (NAB) has been bounced into the launch of a swaps-clearing business as a result of its decision to spin off Clydesdale Bank. It is understood both parties felt it might b