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Iran shipping line masks 'arms vessels'
LONDON, Oct. 24 (UPI) -- Virgin Money, the consumer credit arm of British tycoon Richard Branson's business empire, has applied for a full banking license, documents indicate.
Virgin's application with Britain's Financial Services Authority was filed two weeks ago, The Daily Telegraph reported Saturday.
The newspaper said Branson plans to establish an online bank that will offer mortgages once it secures its license, with a strategy to establish an Internet presence first and then follow up by opening physical branches. Virgin Money already offers savings accounts, credit cards and investment services.
The Telegraph, without naming sources, said the company is negotiating with Bryan Sanderson, formerly chief of Britain's Northern Rock bank after it was nationalized, to become a board member in a sign that Virgin Money could be preparing a second bid to acquire the failed institution from the government.
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BEIJING, Feb. 9 (UPI) --
Beijing announced a series of measures aimed at reducing air pollution in the city, specifically targeting a reduction in readings of PM2.5, or fine particulate matter, in the air.
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FALLS CHURCH, Va., Feb. 9 (UPI) --
A U.S. Defense Department award honoring large contracting firms that mentor small businesses is being given to DynCorp International.
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Despite predictions that home prices are close to bottom, the leading provider of home equity protection sees its customer base exploding in 2012 because of changing consumer attitudes towards homeownership....
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Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
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