News Update: Banco Santander (NYSE: STD) Leading Bidder for RBOS Branches

3/8/2010-The Times reported that Banco Santander (NYSE:STD) is the leading bidder to acquire 320 branches in England from the Royal Bank of Scotland (NYSE:RBS).

The newspaper indicated that the branches require approximately 3 billion euros in emergency aid funding from the Bank of England, which the acquirer would have to supply in order for the deal to go through.

Other potential suitors for the branches in clued Virgin Money, National Australia Bank (OTC:NABZY) and BBVA.