After going into administration on 10 September and calling in KPMG to handle the fallout, USB and Credit Suisse have both been rumoured to be possible bidders, however nothing has formally come of this.
If Victoria fail to find a buyer, this could well be the end for the unfortunate lender - the first to succomb to the pressures kicked up by the credit crunch. If this is indeed the case, the consequences could be dire for the lender's customers.
