Feeds

Virgin dotcoms banking arm

Australian analysts leak 'secret information'

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Richard Branson's Virgin has attempted to dampened speculation that it is set to open an Internet bank to compete with Egg, Smile and e-bank in Britain. The company said that a plan to create a Net bank was just one of a number of options currently being considered by the financial branch of the group, Virgin Direct. Virginmoney.com would offer a range of financial services and is rumoured to launch as early as June. But a spokesman for Virgin Direct said: "We do have a number of things in the pipeline -- this is just one of them. "We're just formulating ideas at the moment -- I have nothing more to say," he said. Despite Virgin Direct's efforts to pour a bucket of cold water over the matter, the Telegraph's source for the story is just about as rock solid as they come. Apparently, this secret information was made public at an analysts' meeting in Australia by the insurance company AMP. AMP owns 50 per cent of Virgin Direct. A spokesman for Virgin Direct denied there was any conflict with its Australian partner over the premature release of the company's plans. Yesterday, Britain's biggest bank, Lloyds TSB, announced its intention to create an online bank. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
SCREW YOU, EU: BBC rolls out Right To Remember as Google deletes links
Not even Google can withstand the power of Auntie
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
America's super-secret X-37B plane returns to Earth after nearly TWO YEARS aloft
674 days in space for US Air Force's mystery orbital vehicle
10 Top Tips For PRs Considering Whether To Phone The Register
You'll Read These And LOL Even Though They're Serious
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.