The judge said the bank represented the only legal recourse now available to the claimants.
The offer made during a "drink-fuelled" meeting was "wishful thinking" by Jeffrey Blue, judge says.
News, sport, travel and weather from across the North East on Wednesday 26 July 2017.
Despite some bad weather thousands of visitors turned up at the Seaburn and Roker seafronts.
A fisherman working out of Blyth Harbour is among those featured in a snapshot of the lives of the nation, hour by hour.
Sunderland sign striker Lewis Grabban on a season-long loan from Bournemouth and bring in Blackburn goalkeeper Jason Steele.
Follow in-play highlights and listen to BBC local radio commentary as Yorkshire play Durham in the T20 Blast.
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