Virgin Group’s finance unit is considering bidding for nationalized bank Northern Rock, The Wall Street Journal reports. The firm is also interested in acquiring Lloyds Banking Group’s 600 branches. Other potential bidders for the Lloyds branches include National Australia Bank and NBNK Investments. JP Morgan Chase and Citigroup are managing the Lloyds sale.
Click here for the story from The Wall Street Journal.
Click here for the additional coverage from Reuters.