When is a bank not like a bank? When Richard Branson is involved it seems...
His Virgin Money group this week began its assault on the UK retail banking sector with the purchase of regional bank Church House Trust. The acquisition gave the UK's most well-known entrepreneur his much needed banking licence. This will allow him to build up his presence in this sector, including a possible take-over of some parts of Northern Rock. So should the banking sector be scared? Yes, if they listen to the words of Virgin Money CEO Jayne Anne Gadhia who said the group would be in a position to provide consumers with a different type of banking experience. This appears to...
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