Virgin Money on creating 'great competitor' with Northern Rock
Northern Rock is being sold to Virgin Money for £747m, the government has announced.
The bank was nationalised in 2008 following its near collapse at the onset of the global credit crunch.
Speaking to the BBC, Jayne-Anne Gadhia, chief executive of Virgin Money, said "we absolutely aim for this to be a story of success and growth and growing competition."
17 Nov 2011
- From the section Business