twitter
facebook
facebook

Virgin and Northern Rock (and some Tesco)

Written by Ashwin Rattan Thursday, 17 November 2011 10:07
Rate this item
(2 votes)
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:

http://www.searchingfinance.com/products/current-titles/tesco-bank-and-virgin-money-can-banking-without-the-banks-work.html 

Add comment


Search

// Wibiya toolbar