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In a deal being co-ordinated by Interritus, Al Faisal Holding, a Qatari corporate giant with interests ranging between hotels and transport, was cited as a bidder for the hedge fund-owned bank.
Sky News said a Swiss investment firm, Interritus Limited, were also in talks.
Qatar-based Al Faisal and Interritus of Switzerland are said to be in talks to take over the struggling British bank.