National Australia Bank (ASX:NAB) is one of Australia’s big four banks, whose divisions span retail and business banking, wealth management, capital markets and institutional banking.

It is one the biggest companies in the Australian share market and is widely considered among the blue chip stocks.

Overnight, newspaper reports suggested NAB is in talks to acquire more than 600 Lloyds branches in the UK.

The acquisition would see NAB merge its Clydesdale and Yorkshire bank units with the Lloyds branches, creating a new major UK lender.

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