THE RYEISH & GRAZELEY BUYS LLOYDS TSB

The Ryeish and Grazeley Building Society confirmed on Thursday that it is taking over Lloyds TSB Halifax Northern Rock Royal Bank of Bradford & Bingley.

Following the collapse of the world’s worst run banks, building societies and investment mismanagers, the R&G has emerged as Britain’s second largest remaining building society with assets in excess of seven hundred pounds.

The Nationwide which is so backward it’s still reeling over the wonder material formica commented “what crisis” when interviewed by Jeremy Paxman on Newsnight last week.