View more on these topics

National Australia Bank to bid for 600 Lloyds branches

The National Australia Bank is preparing a bid for 600 branches that Lloyds Banking Group is being forced to sell, according to The Sunday Times.

The newspaper says NAB, which owns Yorkshire and Clydesdale banks, has made the acquisition a top strategic priority.

Lloyds is being forced to sell the branches as a condition of its Government bail-out due to European Commission competition rules.

NAB currently has 339 retail branches and 72 business banking centres through the Yorkshire and Clydesdale brands.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. wrong yorkshire in the picture!

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com