Clydesdale and Yorkshire in line for £2bn Spanish sale

Katrina Lloyd
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Spanish banking giant BBVA is considering a £2bn takeover bid for the British arm of National Australia Bank (NAB), which includes Clydesdale and Yorkshire banks.

Cameron Clyne, chief executive of NAB, is expected to put the banks up for sale within weeks, according to the Sunday Times. The potential sale comes after NAB failed in its attempt to buy a network of 318 RBS bank branches and is now expected to quit the UK altogether. Having failed to land the RBS business, which could have transformed the group into one of Britain's biggest banks, NAB is expected to attempt to quit Britain. Tentative discussions have taken place between BBVA and NAB in recent weeks but it is understood the Spanish bank has yet to make a formal approach, the Sund...

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