14 September 17

This is a media release from the Co-operative Bank.

Thursday 14 September 2017

Comments: 0

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."

Comments: 0

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.


Comments: 0

02 August 17 from www.thenews.coop

Coop News discusses whether the Co-op Bank should keep its name and SaveOurBank offers its view.

Comments: 0

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.

Comments: 0

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:

Comments: 0

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

Comments: 0

16 February 17

FT is behind a paywall. You need a Facebook login to see this article.

Comments: 0

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

Comments: 0

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

Comments: 1