×

Virgin 'only legitimate' challenger bank: Wilbur Ross

2:00 AM ET Mon, 17 Nov 2014

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.