After days of extremely tense negotiations, the Vatican City bank has finally been taken over... by Northern Rock. The British based bank, notorious for going bankrupt in 2008, is back on the market having completed a new deal to take ownership of...
BBC business editor Robert Peston today admitted he had no idea about Northern Rock and guessed. Speaking to the Commons Treasury select committee, he told MPs: "I got lucky. I needed a story quick so I made the whole Northern Rock going to the Ba...
A new crisis unfolded in the financial sector today, when executives at the Bradford & Bingley Building Society called in police to investigate the whereabouts of its two owners, Mr Bradford and Mr Bingley.
Massive queues formed outside branches of The Heptenstall Bank (formerly Heptenstall and District Building Society) today as, according to the Telegraph, the Bank of England announced that the Heptenstall would not collapse.
Off-the-Wall-Street, NYC - (Rioters): Amid echoes of a return to the 1990s' dreaded bear-markets one of the USA's biggest investment banks Bear Stearns is on the verge of going belly-up today.
City of London - (Bad Ass Mess): The grim secrets of the 1994 Blair/Brown power deal - the so-called Granita Pact - were thrown into disarray today with the announcement that a portfolio of prime home loans on the Northern Crock Bank's books have...
As predicted here in TheSpoof.com as recently as last week, the government has decided to nationalise Newcastle United because results under Kevin...
The government has decided to use legislation to take Newcastle United into public ownership if results under Kevin Keegan don't improve.
London - (Espionage Mess): UK security intelligence top brass have hinted heavily that the January 2006 headlines about a 'fake rock dumped in a Moscow street, embedded with a transmitter and used to download surveillance material on to a pal...
The abject failure of the UK regulatory organizations to foresee and prevent the Northern Rock crisis has been explained. After an internal investigation, the Treasury has admitted that although it was clear that the FSA should be overseeing banking...
Paris, France - (Sarkozy Mess): Prosecutors investigating the $7 billion fiasco at the SocGen bank are warning that it is farce becoming France's answer to the UK's Northern Crock Bank fiasco.
Al Qaeda has announced that it has made an offer to buy the troubled bank Northern Rock.
In a desperate bid for publicity, Paul Burrell, former butler to Princess Diana, has shocked the world with the revelation that she was secretly planning to take up an executive position on the board of failed bank Northern Rock.
London - (Conniving Mess): Ex-UK Prime Monster Tony Blair hailed his first official foray into the world of investment banking by brokering the sale of the Northern Crock Bank's sub-prime £2.25 billion mortgage portfolio to his new lords and mast...
When Hampshire dentist, 102 year old Eric King-Turner retired just two years ago (in keeping with the new government pension age) he has finally decided to sell-up and ship out. Taking a four week cruise to the antipodean island,
New revelations have emerged about failed bank, Northern Rock's, risky business activities that led to its being taken over by the Bank of England in 2007.
Continued rising house prices and falling lending confidence has led struggling mortgage lender Northern Rock to propose a new approach for its recovery. The recommendation is for new mortgage schemes to allow Londoners to apply for buy-to-let mortga...
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