Friday, January 8, 2010

Richard Branson gets into retail banking

Virgin Money enters retail banking with Church House deal

LONDON (MarketWatch) -- Virgin Money on Friday took its first step into the U.K. retail banking market with the acquisition of small regional player Church House Trust for around 12.3 million pounds ($19.6 million). The deal gives Virgin founder Richard Branson the foothold he has been looking for to begin offering mortgages and deposit accounts in direct competition with the country's more established banks.

Posted by novice pete @ 08:24 PM (947 views)
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9 thoughts on “Richard Branson gets into retail banking

  • Image post experiment
    [img]http://i51.photobucket.com/albums/f367/Torquemada1/libertysmall.jpg[/img]

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  • oops, thats not it

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  • futile!

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  • Hmmm, try again

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  • Oh yeah!

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  • I love the internets

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