Sir Richard Branson's foray into U.K. financial services is gathering speed, but in this country, he needs a new driver.
In the two and a half years since Sir Richard's Virgin Group Ltd. bought CircleLending, a Waltham, Mass., company that arranges loans between friends and relatives, the unit has gone around in a circle. Renamed Virgin Money Holdings USA Inc., it tried to break into mainstream mortgages by buying a wholesale lender, only to sell that business one year later. And in June, Virgin Money lost its chief executive.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access