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. Last Updated: 07/27/2016

NatWest Takeover?

LONDON -- National Westminster Bank on Monday failed in an attempt to make British banking rival Barclays come clean on whether it was plotting a takeover bid.

Britain's Takeover Panel, which polices City takeovers, rejected a call by NatWest for Barclays to clarify its position. "As far as we are concerned no party has incurred any obligation to say anything under the [takeover] code," said Takeover Panel director general Alistair Defriez.

NatWest contends that the speculation, which first emerged just over a week ago, was damaging its business.