CNBC spoke to Richard Branson, founder of the Virgin Group, about the state of the global economy and his new bank in Australia, Virgin Money.
- 0:25 I don’t think there will be a double dip recession and the world is getting back on its feet.
- 1:10 Big banks in Australia, because they have no competition, are taking consumers for a ride. We intend to “shake it up.”
- 2:30 No plan to sell stake in Virgin Blue, the Australian airline.
- 3:30 In the long term, see Virgin Money expanding to other Asian economies.
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