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By Myles Neligan and Jonathan Standing LONDON/SYDNEY (Reuters) - U.S. investment bank JP Morgan (JPM.N) has held talks with potential partners about forming a consortium to break up British mortgage lender HBOS (HBOS.L), The Daily Telegraph newspaper reported. National Australia Bank (NAB.AX), named by the Telegraph as a potentially interested party, played down the report, while a UK industry source said HBOS had not received an approach. "We're not sure this is a clever time to make acquisitions," NAB Chief Executive John Stewart told reporters on Friday, shortly after NAB announced a further A$830 million ($798 million) in losses from its exposure to U.S. mortgages. Without naming a source, the Telegraph said JP Morgan had also approached private equity firms and may talk to Spain's Banco Santander (SAN.MC) about a deal... [read full story]
