Monday, January 9, 2012

Amazing spin on a bank or blatant lies

Sir Richard Branson's Virgin takeover of Northern Rock gathers speed as first branch is rebranded

The deal includes 75 former Northern Rock branches and over two thousand staff. The bank will have four billion customers.

Posted by mark @ 01:04 PM (1491 views)
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11 thoughts on “Amazing spin on a bank or blatant lies

  • we're all in this together says:

    Four billion, eh? That’s a lot of customers. He’s a genius, that Richard Branson. Pity about the broadband.

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  • Thats more than half the worlds population!

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  • Thecountofnowhere says:

    I just took a good chunk of my money out of NR…they aint getting my money

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  • I have had a letter from Virgin this morning (but havent been a Rock customer for over 5 years) – maybe they are writing to half the World’s population in an effort to attract 4 Billion customers – anyway whats a few Billion these days !

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  • Will Newcastle United players and shirt-wearing fans agree to having ‘Virgin’ emblazoned across their chests?

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  • icarus – Bransons new business is the only Virgin in Newcastle !

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  • mark wadsworth says:

    WAIT, I’ve had Virgin NTL broadband for nine years, and all things considered, there’s nothing to complain about. I hear most horror stories about BT, Sky and Talk Talk.

    Jack C, if they send junk mail to 4 billion customers, that’ll set them back a cool £1 billion, where will he get the money from?

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  • MW – agreed, have been with them since the old Telewest days and actually find them pretty good.

    “if they send junk mail to 4 billion customers, that’ll set them back a cool £1 billion, where will he get the money from?” – They can re-mortgage Granite SPV onto a together loan !

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  • we're all in this together says:

    That’s an impressive staff to customer ratio. “Thank you for calling Virgin Money. You are being held in a queue. Your current position is three billion, nine hundred and ninety nine thousand… etc”

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  • we're all in this together says:

    Actually, on a more serious note, could this be the hypothecation of banks’ customers, whereby banks use numbers of customers as a form of security to borrow from each other? Eg, Bank A with a million customers borrows from Bank B offering its customers’ business as collateral. Bank B can then borrow from other banks (including Bank A, why not?) using these ‘hypothecated’ customers as their collateral. If you can create money out of thin air, why not customers?

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  • Virgins have always been pretty good at miracles and magicing people out of thin air!

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