17 September 18

Andrew BesterThe Co-op Bank has named Andrew Besteras its new Chief Executive. This news was followed by an announcement that the bank’s chief finance officer will also be stepping down.

28 June 18

Values and Ethics reportAt the end of May, the Co-op Bank published its Values and Ethics Report for 2017. This report is the bank’s main way of accounting for how it has implemented its Ethical Policy though the year, and importantly it is externally audited, which helps provide assurance that it has been compiled thoroughly and without leaving anything out.

25 May 18 from www.co-operativebank.co.uk

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.

07 February 18 from www.cityam.com

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.

 

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 Coop News report.

You can view the adverts on the Co-op Bank's website, here.

 

14 September 17

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

Thursday 14 September 2017

  • The Co-operative Bank donates £20K to emergency appeal to fund the development of co-operatives in disaster hit areas across the World
  • Disaster campaign being led by Co-operatives UK to help co-operative development in flood and hurricane ravaged regions

The Co-operative Bank has today (Thursday, 14 September 2017), announced it has donated £20,000 to an emergency appeal fund, set up by Co-operatives UK, to fund the development of co-operatives in countries ravaged by hurricanes and flooding in recent weeks.

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."

Save Our Bank, 8th September 2017

 

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.

 

02 August 17 from www.thenews.coop

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

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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