Britain's leading bank unit designated for liquidation (7)

I believe the answer is:

blender

I'm a little stuck... Click here to teach me more about this clue!

'unit designated for liquidation' is the definition.
I can't judge whether this definition defines the answer.

'britain's leading bank' is the wordplay.
'leading' suggests taking the first letters.
'bank' becomes 'lender'.
The initial letter of 'britains' is 'b'.
'b'+'lender'='BLENDER'

Can you help me to learn more?

(Other definitions for blender that I've seen before include "Kitchen device" , "kitchen equipment" , "Kitchen liquidiser" , "Liquidising device" , "Kitchen machine" .)

I've seen this clue in the Sydney Morning Herald.

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