Ben Marlow and Iain Dey & ,}
THE National Australia Bank (NAB) is operative on plans for a 2 billion flotation of the UK operations.
Advisers from Morgan Stanley and Goldman Sachs have been sketch up plans for a probable inventory as piece of a extended examination of the destiny of NABs Clydesdale and Yorkshire banks.
The plan would be put in to movement if NAB fails to take a network of 318 branches being sole by Royal Bank of Scotland. Banking sources report it as a stand in or quits plan that has been put brazen by Lynne Peacock, chief senior manager of NAB in the UK.
Winning the RBS auction would roughly stand in NABs network, creation it a critical high-street competitor.
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