Virgin Money http://www.globalpost.com/taxonomy/term/26730/all en Virgin Money to launch own credit card arm after MBNA deal http://www.globalpost.com/dispatch/news/thomson-reuters/130118/virgin-money-launch-own-credit-card-arm-after-mbna-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 18 (Reuters) - Virgin Money, the British financial group backed by Richard Branson, said on Friday it will launch a credit card business after buying 1 billion pounds ($1.6 billion) of assets from Bank of America's MBNA unit.</p> <p>The loans being bought are from the Virgin credit card portfolio which has been managed and serviced by MBNA since 2002 under a partnership agreement.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130118/virgin-money-launch-own-credit-card-arm-after-mbna-deal" target="_blank">read more</a></p> Banks Financial services Virgin Money Virgin Money Thomson Reuters Fri, 18 Jan 2013 15:30:42 +0000 Thomson Reuters 5736182 at http://www.globalpost.com