WELLINGTON: A second Australian bank threw its hat into the ring to buy British-owned National Bank of New Zealand (NBNZ) yesterday, but signs emerged that global giant HSBC Holdings Plc was unlikely to join the US$4bil auction.
Westpac Banking Corp, one of Australia's top four banks, said it had applied to competition watchdogs to acquire Lloyds TSB Plc's NBNZ unit, New Zealand's biggest bank.
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