JPMorgan in talks to break up HBOS - papers 25 July

JPMorgan is understood to have spoken to a large Australian bank, thought to be National Australia Bank (NAB). It has also approached private equity firms. Spain's Santander could also be approached, sources said. The model bears a resemblance to break-up bid for ABN Amro last year. JPMorgan could act as the adviser to the group, playing the same pivotal role as Merrill Lynch in the ABN deal. AFTER YEARS OF boom, official figures on the economy published today will show that growth has slumped to nearly zero, leaving the nation already in, or close to, recession, according The Inde...