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...
This week the Co-operative Bank revealed it is halting new investment in renewable energy, removing one of the main sources of funding for independent and community...
The Co-operative Bank’s ethical image has taken a hit in recent weeks, after being placed at the centre of events including the collapse of a deal...
Big banks in the UK need to raise billions more in capital to cover their risks, according to the Prudential Regulation Authority (PRA). Five of the...
Ed Mayo, secretary-general of trade body Co-operatives UK, gets to the bottom of whether the Co-operative Bank’s £1.5 billion rescue plan will spell an end to...
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...
The market share of Britain’s biggest five banks dropped 5 percentage points in 2012, as 2.4 million customers closed their high street accounts in favour of...
Recent developments at the Co-operative Bank highlight not only the frailty of larger banking institutions, but also the desperate need for sustainable alternatives. First, the Co-operative...
It was lauded as “the biggest shake-up in high street banking in a generation”, but today the Co-operative Bank has revealed that it is pulling out...
The Co-operative Group has revealed that its retail arm and core banking section delivered figures that met its expectations and that it reduced its carbon emissions...
The Co-operative Bank has admitted its procedures had “fallen short of the high standards” it expects, after the Financial Services Authority (FSA) handed it a £113,300...