Virgin Money has applied to the UK's Financial Services Authority for a full banking license as it plans to start taking deposits and offering mortgages online.
Are we seeing the new wave of Banks with trusted names beggining to replace High Street Banks with names in the mud and no longer trusted?
I predict that after Tesco, Asda and Virgin we will see more. The pressure on established banking brands is going to only increase
© Finextra Research 2013