Following the introduction of new rules in the 2016 Immigration Act requiring banks to check the immigration status of account holders, a customer of the Co-operative Bank raised the issue with the Customer Union for Ethical Banking to help seek the bank’s view on being effectively asked to ‘police’ immigration.
The Co-op Bank is one of three banks (along with Nationwide and Investec) to win grant funding as part of the 'state aid remedy' for the government bail-out of RBS.
The grant of £15m will be used to reinforce the Co-op's proposition for SMEs - including improved digital service.
The Co-op Bank provided the following response to the four questions we put to the bank after reviewing its 2017 Values and Ethics Report. The bank has a good record of engaging with the Save Our Bank campaign as a representative of ethically motivated customers, and we appreciate them taking the time to respond.
The Co-op Bank has named Andrew Besteras its new Chief Executive.
The Co-op Bank has this week published the Values and Ethics Report for 2017. You can read it in full here. We'll be reading it closely and will report to you in the June 2018 newsletter.
The Co-op Bank has appointed a chair to replace Dennis Holt, who is retiring.
The new chair, Bob Dench, has a background in helping banks that need to get out of crisis.
It's 25 years since the Co-operative Bank adopted its ethical policy, and the bank has launched a new advertising campaign focusing on this, as Prolific North and
This is a media release from the Co-operative Bank.
Thursday 14 September 2017
Moody's has upgraded the Coop Bank credit rating from CA to CAA2.
"The credit ratings agency said its outlook on the long-term debt and deposit ratings is positive, driven by its expectation that the completion of the bank's recapitalisation will allow it to focus on its non-core portfolio, improving its profitability and low efficiency."