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Telefonica brings in banks for Telxius IPO

Report claims Spanish incumbent to float infrastructure unit in July in bid to cut debt.

More than 600 bank branches have closed across the UK in the last year, with rural areas worst affected, according to figures obtained by the BBC.

Another 450m is set aside to compensate Clydesdale Bank customers for mis-sold payment protection insurance (PPI).

Shares of Australian banks are trading higher and outpacing the broader market.

Deutsche Bank, HSBC, UBS reportedly among six banks chosen for 2.1 billion offering.

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