Virgin planning a take over of Northern Rock by Finance News Bulletin

Published: 15/12/07

Moving accounts from one store to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents cover, warns NFU MutualAxa is launching My Budget Day on November 21st in an effort to encourage populace to take control of their financesRichard Branson's company is apparently in talks with a group of investors from the US and Middle East

This collection could then buy into the bank, which has been in financial crisis since September, the era reportsThe newspaper said Virgin would not formally bid for control but pay money for shares for it's investor group, eventually preparation to take over the day-to-day running of the commerceA source close to the negotiations told the Times: "They [Virgin] are taking it very gravely and they are credible"The Bank of England has been supporting Northern astound with an crisis loan

Fund management company New Star recently estimated the loan to be approximately £13 billionVirgin currently offers a variety

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