Bank wins SME grant following RBS bailout

14 May 19 from bcr-ltd.com, www.theguardian.com, uk.finance.yahoo.com

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 bank has emphasised to the Customer Union that this grant will help it strengthen the proposition to cooperatives and third-sector customers. Speaking to the Customer Union, the bank told us:

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Bank launches 'People with Purpose' brand

18 April 19

People with purpose adThe Co-operative Bank has refreshed its image with a new campaign based on the notion of 'People with Purpose', and led with a TV ad you can view here

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Bank appoints new CEO

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.

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Kelly Review into failings at the Co-op

30 April 14

Kelly ReviewIn July 2013 Sir Christopher Kelly was appointed to conduct a review into the failings that led to the problems in the Co-operative Bank in 2013, and so to its eventual take over by private investors and hedge funds.

Commenting on the report published 30 April 2014, Sir Christopher said: “This report tells a sorry story of failings in management and governance on many levels.... The roots of the shortfall lie in a merger between the Bank and the Britannia Building Society which should probably never have happened. "

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