The Co-Operative Bank
£420 milion (2015 operating revenue)
The Co-operative Bank is a retail and commercial bank in the United Kingdom, with its headquarters in Balloon Street, Manchester. Founded in 1872, it is Britain’s seventh biggest lender, employing over 7,000 people and was founded in 1872
Co-op reports loss as Bank stake written off
Sky News has learnt that Co-op Group directors and their advisers will opt to reduce the value of its 20% stake in the Co-operative Bank to zero, reflecting mounting uncertainty about the troubled lender's future. The decision, which sources said ...
The Co-operative Bank needs capital again, and markets are fretting over the risk of a resolution. Given Co-op's ongoing losses, the Bank of England could justify one. The risk is investors think that even banks with respectable capital ratios aren't ...