Virgin and Northern Rock (and some Tesco)

Written by Ashwin Rattan Thursday, 17 November 2011 10:07
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Virgin is not new to financial services.

It  has been a niche player for more than a decade, concentrating on a select range of products and operating through partnerships with existing banks. But they now plan to offer full-service retail banking, with both current accounts and mortgages being talked about. Tesco has bought out RBS’s stake in their financial services joint venture. 

A report by Steve Worthington, analyses the specific challenges that the likes of Virgin (and Tesco) face in building full-service banks:

For more details, check out: 

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