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Virgin money
New banks eye up building society subsidiaries
A couple of wannabe banks are considering buying the subsidiaries of two building societies in order to secure the licences they need to enter the UK banking sector.
RBS is Virgin's main target: reports
Virgin Money has hired Greenhill advisers to make a first round bid for some of the high street bank branches of Royal Bank of Scotland's (RBS) by the 6 April deadline, according to the Telegraph.
Virgin Money confirms plan to enter high street
Virgin Money has confirmed its interest in buying the assets of Northern Rock, Lloyds Banking Group (LBG) and Royal Bank of Scotland (RBS), as part of its plans to move into retail banking.
Other Virgin money articles
Virgin confirms interest in Lloyds and RBS branches
Virgin Money chairman Brian Pitman has confirmed rumours that the bank is interested in buying Lloyds and Royal Bank of Scotland branches in an interview with Sky News.
Virgin Money steps up progress to become bank
Virgin Money’s aspirations to become a retail bank have gained pace with the unveiling of its board team.
Pitman in line for Virgin Money chair
Former Lloyds TSB chairman Sir Brian Pitman is set to be named chairman of Virgin Money as part of its plans to make a push into British retail banking, Mortgage Solutions understands.
Virgin Money hires ex-HBOS, RBS and B&B employees
Virgin Money has made three senior appointments as part of its expansion into the retail banking sector.
Market Watch
Evaluate Technologies has revealed that Alliance & Leicester (A&L) was the most competitive lender ranked on best buys in Q4 2009. As A&L mortgages are only available from brokers, do you believe that this shows increased competition in the market? Is this a sign of a strengthening broker market?
Virgin acquires Church House Trust
Virgin Money has taken the first step towards becoming a fully-fledged retail bank by acquiring Church House Trust (CHT) for £12.28m.
Mortgage Solutions preview 9/1/10
Mortgage Solutions editor-in-chief Paula John gives a sneak preview of the latest issue of the magazine.
Virgin Money acquires Church House Trust
Virgin Money has made a foray into retail banking by purchasing Somerset-based Church House Trust in a deal valued at £12.28m.
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