Summary
ATAKEOVER vehicle run by former Northern Rock boss Gary Hoffman has suspended its shares in a further sign that it is moving in on a deal which could see it form one of the UK's largest high street lenders.
NBNK Investments, which was co-founded by Lord Levene, chairman of insurer Lloyd's of London, is reportedly looking to buy the Clydesdale and Yorkshire banks ahead of a bid for 632 branches being sold by Lloyds Banking Group.See the full content of this document
Extract
Shares Suspended in Move On Big Lenders
NBNK, which is in talks with the lenders' owner National Australia Bank, would create a new bank with 971 branches an...
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