Monday, Feb 23, 2009
Branson still waiting to swoop on bargain priced bank
Bloomberg: Virgin's Branson Sees Expansion Into Mortgages, Banking
Video interview with Branson on his Virgin Money plans.
Posted by mountain goat @ 06:12 PM (547 views) Add Comment
6 Comments
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1. paul said...
Meh. He's still got the trains and space planes to sort out first.
2. hpwatcher said...
I think he has missed the boat on this one.....moreover, what happens when his other businesses start to crumble?
3. Sortofsilver said...
I think this guy is very clever. What are the government trying to get the banks to do? Start giving out mortgages but all the banks are reluctant to start which is leaving the government in a bit of a pickle. In walks Richard Branson saying he will start lending out piles of cash for mortgages they will bite his hand off and get the red tape out of his way.
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5. mdmick said...
There are things which Branson seems to own but actually has partial interests in. He is good on branding while someone else might be carrying the capital risk. So the fine detail as to risk needs to be seen.
6. timmy t said...
hpwatcher said...I think he has missed the boat on this one.....moreover, what happens when his other businesses start to crumble?
If all his other companies fail, he will be safe in the knowledge that endless taxpayer bailouts will keep him in the lifestyle he knows and loves!!!