The Co-operative Group and Bank have announced the successful completion of their Liability Management Exercise, which they described at the “cornerstone” of the £1.5 billion recapitalisation...
The Co-op Bank received “overwhelming” support for its recapitalisation plan after 99.9% of votes were in favour. Proposals are now expected to be approved later this...
The Co-operative Bank’s bondholders are set to vote on Friday for or against its rescue plan, which aims to plug the lender’s £1.5 billion black hole....
Amidst The Co-operative Bank’s financial problems and the scandals and political mudslinging of recent weeks, it’s easy to forget how much of a pioneer the bank...
Renewable electricity supplier Good Energy has announced that it is to close applications for its retail bond almost three weeks ahead of schedule, after witnessing unprecedented...
Peter Marks, former chief executive of the Co-operative Group, has told the Treasury select committee that the Co-op Bank can no longer be dubbed as ‘ethical’...
The Co-operative Bank is set to trigger a cross-default mechanism to prevent itself from failing, while also raising capital as a means of rescuing itself. The...
The Co-operative Bank has unveiled measures to overcome the £1.5 billion shortfall in its balance sheet, but has been urged not to surrender its ethical values...