Bank buyer for Rams

The Financial Review reports that "a leading financial institution" is "taking a stake" in Rams Home Loans Group.

The AFR names National Australia Bank as "the most likely contender" and qualifies its speculation by also listing Westpac and ANZ.

The newspaper reported that John Kinghorn, the executive chair of Rams and David Coe, a non-executive director sold some of their shares to the financial buyer.

There was heavy turnover in shares of Rams last week at prices between 84 cents and one dollar. Rams floated in late July at $2.50.