LONDON, June 1 (Reuters) - New British banking venture NBNK said talks with Lloyds Banking Group over the possible purchase of 632 branches were going well and the UK's financial regulator was happy with its plans so far.
The sale could fetch up to 1.5 billion pounds ($2.3 billion)and create Britain's seventh-biggest bank, with a 4.6 percent share of current accounts and 5 percent of mortgages. The UK market is dominated by four major players -- Barclays , HSBC, RBS and Lloyds.
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