Virgin Money, a sponsor of last Sunday’s London marathon in which Kenya's Mary Keitany won the women's elite race, insists it will not take risks Adrian DENNISGetty ImagesVirgin Money could still buy parts of its distressed rival Co-operative Bank if it is broken up, even though its interest in buying the whole operation has cooled. Jayne-Anne Gadhia, Virgin Money’s chief executive, said: “We bought Northern Rock five years ago and have looked at everything since.”The bank is only keen on acquisitions that fit with its low-risk approach, she added. Virgin Money, which is backed by Sir Richard Branson, bought the “good” part of Northern Rock in 2011, enlarging its business significantly. The Co-op has been formally seeking a buyer for more than two months and the chances are that it will be restructured. That could lead to a break-up of the business, which may make parties such as Virgin Money more…

Source: The Times April 25, 2017 15:56 UTC