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Investors to have several U.K. bank IPOs to choose from, Reuters reports

Up to five U.K. banks will be looking to float on the stock market in the next couple of years, reports Reuters. Lloyds Banking (LYG) and Royal Bank of Scotland (RBS) are racing to prepare stock market flotations of hundreds of branches they have been told to sell by European regulators. Their IPOs could clash with plans by Spain's Santander (SAN) and Virgin Money, as well as a possible move by National Australia Bank (NABZY) to float its British businesses.