Bloomberg reports on the attempt by hedge funds to gain full control of the Co-op Bank. The artcle, linked below, includes an enlightening chart showing the owneship stakes of the main shareholders:
Latest news
18 February 17
from www.theguardian.com
The Guardian's Patrick Collinson looks at the sale announcement from a consumer perspective, quoting Shaun Fensom from the Customer Union
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16 February 17
FT is behind a paywall. You need a Facebook login to see this article.
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14 February 17
from www.uk.coop
Co-operatives UK has issued a statement on the proposed sale.
The Customer Union for Ethical Banking is a member of Co-operatives UK
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13 February 17
from www.theguardian.com, www.bbc.co.uk, www.co-operativebank.co.uk, www.uk.coop
The board of the Co-op Bank has announced that it is seeking new owners, while also looking at alternative ways of raising capital.
The bank has issued a statement to customers.
They gave us a similar statement:
Message from The Co-operative Bank CEO Liam Coleman
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10 November 16
10 November 2016 The Co-op Bank's campaign 'My Money, My Life' campaign, launched in partnership with Refuge, has received industry backing for a 'Code of Practice. The code would provide a framework for banks to support victims of financial abuse.
Details in the press releas below.
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13 October 16
13 October 2016: bank sponsors third sector programme
Details in the press release below:
THE CO-OPERATIVE BANK SPONSORS UNIVERSITY OF MANCHESTER PROMETHEUS THIRD SECTOR PROGRAMME
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11 October 16
11 October 2016: the bank publishes women in finance charter targets
Details in the press release below:
THE CO-OPERATIVE BANK PUBLISHES ITS TARGETS FOR HM TREASURY’S WOMEN IN FINANCE CHARTER
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14 June 16
from www.co-operativebank.co.uk
The Co-operative Bank has published its Values and Ethics report for 2015.
You can see the full report here.
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