Branson buys a bank.
January 12th, 2010
Entrepreneur extraordinaire Sir Richard Branson has recently purchased Church House Trust,which has 3000 customers but no branches for £12.3m. The acquired banking licence will allow for the creation of Virgin Bank and paves the way for it to offer mortgages and current accounts in the UK later in the year.
Good thinking from brandson. This takeover should save him time and money in entering the banking industry.!
regards. D-T-C