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Santander (SAN) is reportedly considering bidding £2B ($3.2B) for National Australia Bank's U.K. operations, which comprise 337 Clydesdale and Yorkshire bank branches. Although the business is loss-making, it's attractive to Santander because it has a strong position in the small- and medium-sized business segment, where the Spanish bank is keen to expand as it prepares for an IPO of its British operations.