Thursday 17 November 2011

Northern Rock becomes Virgin Money

I applaud to the successful sale by Chancellor George Osborne of Northern Rock to Richard Branson's Virgin Money for £747mn ($1.17bn; SFR 1.08bn). Under the leadership of the Conservative Government part of the taxpayers' contributions have been recouped, and the condition placed to keep the headquarter of the new bank (and 3,000+ jobs) in Newcastle.

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