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.
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14 September 17
from www.prolificnorth.co.uk, www.thenews.coop
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
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14 September 17
This is a media release from the Co-operative Bank.
Thursday 14 September 2017
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14 September 17
from www.iii.co.uk
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."
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03 August 17
from www.telegraph.co.uk
The Telegraph warns Co-op Bank 'retail' bondholders with 11% coupon bonds maturing in 2023 that they need to apply now to get compensation for losses in the restructuring deal.
Ordinary customers with deposits or savings at the bank are not affected.
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02 August 17
from www.thenews.coop
Coop News discusses whether the Co-op Bank should keep its name and SaveOurBank offers its view.
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31 July 17
from www.sharesmagazine.co.uk
Following its acceptance of the restructuring proposals offered by a group of Tier 2 note holders and shareholders, the bank has got permission to convene a meeting to approve the proposals.
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20 June 17
from www.bloomberg.com
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:
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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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