The Independent (Free subscription) | 10/24/2009
Virgin Money is holding talks with former Northern Rock chairman Bryan Sanderson with a view to him joining the board of its new bank ahead of a possible bid for Northern Rock’s “good bank”. Discussions are understood to have been held, although there are still issues to be hammered out such as fee and role.
CEOWORLD Magazine (Free subscription) | 10/26/2009
Virgin Money, the consumer credit arm of Sir Richard Branson’s Virgin Group, has applied to Britain’s Financial Services Authority for a banking licence. The company said that it had applied for a licence to sell current accounts and mortgages to expand its business. Reportedly, Virgin Money had approached Bryan Sanderson, former chairman of Northern Rock, to become a non-executive director...
BankTech (Free subscription) | 10/24/2009
... investment services.The Telegraph, without naming sources, said the company is negotiating with Bryan Sanderson, formerly chief of Britain's Northern Rock bank after it was nationalized, to become a board member in a sign that Virgin Money could be preparing a second bid to acquire the failed institution from the government.
Scotsman.com (Free subscription) | 10/24/2009
... hidden our interest in becoming a bank," a Virgin spokesman said.Virgin Money has also talked to Bryan Sanderson, a former Northern Rock non-executive chairman, about becoming a non-executive director.Tesco said it "never commented on market rumour or speculation".Yesterday's heightening of the possibility of added competition in Britain's high street banking market comes as the EC...
The Telegraph (Free subscription) | 10/23/2009
... board. Mr Ross was part of Virgin's consortium bid for Northern Rock. The company is in talks with Bryan Sanderson, who was briefly chairman of Northern Rock its nationalisation in February last year, to become a non-executive director. It is also in discussions with Norman McLuskie, chairman of Royal Bank of Scotland's retail direct division until 2005, about him joining the non-executive...
