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New banking venture eyes NAB brands before Lloyds move

New banking venture NBNK is looking to acquire Yorkshire and Clydesdale banks to use as a platform to buy the branches Lloyds Banking Group has been forced to sell.

An announcement to the stockmarket this morning confirmed NBNK’s shares had been suspended following media speculation and the size of the operations it was looking to acquire.

The Daily Telegraph reports NBNK is in talks with National Australia Bank to buy its Yorkshire and Clydesdale brands as a gateway to acquiring the branches Lloyds has been forced to put up for sale by the European Commission, creating a new bank with 971 branches.

NBNK was launched and listed on Aim in August 2010 by Lord Levene and former Treasury select committee chairman Lord McFall as an acquisition vehicle to create a new banking group.  


Nationwide cuts five-year fix for new business

Nationwide is reducing all five-year fixed rates by 0.1% for new applications. It is now offering a five-year fixed rate at 3.69% up to 70% LTV, with a £900 product fee and a £99 booking fee for house purchase and remortgage customers.

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Consumer attitudes to protection

Royal London commissioned Opinium to run our State of the Protection Nation research to find out how people felt about their own protection needs and the industry as a whole. By Ross Jackson, Senior Protection Marketing Manager We surveyed people who had already taken out some kind of protection insurance and those who didn’t have […]


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