National Australia Bank is in talks with NBNK, the challenger bank run by former Northern Rock's former chief executive Gary Hoffman, over a merger of its UK operations as part of a bid for the 632 branches being sold by Lloyds Banking Group, plus other news...
NBNK, which was co-founded by Lord Levene, the chairman of Lloyd's of London, is discussing the takeover of NAB-owned Clydesdale Bank and Yorkshire Bank in a deal that will kick-start the formation of a new banking group that could challenge Britain's largest lenders. MORE... The Serious Fraud Office is examining potentially fraudulent trades of asset-backed securities carried out by banks in Britain in the run-up to the financial crisis. MORE...
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