"God Bless the Dream, the Dreamer and the Result." 

Monday, May 18, 2009

Branson's Next Launch: Virgin Internet Bank

Capitalizing on public disgust with Britain’s big banks, Richard Branson plans to launch an Internet bank through subsidiary Virgin Money that will take deposits and offer mortgages, the Guardian reports. Branson is talking to investors and some US banks about financial backing and could set in motion more ambitious plans to acquire Northern Rock if the government decides to sell part of it back to the public before 2010 elections.

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