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Evening Standard
Evening Standard
Business
Simon English

Virgin Money boss David Duffy rules out bid for TSB

TSB Virgin Virgin Money David Duffy Nationwide Nationwide Building Society

Virgin Money’s fancy branches failed to woo customers (Matt Alexander/PA)

(Picture: PA Archive)

VIRGIN Money today ruled itself out of bidding for TSB, the somewhat troubled rival that has had bids from Co-op Bank and reportedly Nationwide Building Society fail.

TSB, still dealing with the fall out from a computer collapse in 2018 that saw 1.9 million customers locked out of their accounts, has a strong parent in Spain’s Sabadell, but is still thought vulnerable to a bid.

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