Feeds

Virgin dotcoms banking arm

Australian analysts leak 'secret information'

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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. ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.