Virgin 'only legitimate' challenger bank: Wilbur Ross

Name: Virgin 'only legitimate' challenger bank: Wilbur Ross
Uploaded: 2014-11-17T07:00:00.000Z
Duration: 2 min 30 s
Description: Wilbur Ross, chairman and CEO of WL Ross & Co, says Virgin Money is the "only legitimate" U.K. challenger bank, after he sold a 15 percent stake in the lender when conditional trading began last week, making £70 million ($110 million) for his company.

Wilbur Ross, chairman and CEO of WL Ross & Co, says Virgin Money is the "only legitimate" U.K. challenger bank, after he sold a 15 percent stake in the lender when conditional trading began last week, making £70 million ($110 million) for his company.

02:30

Mon, Nov 17 20142:00 AM EST