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Keep the bank’s Ethical Policy strong
Over the next few weeks The Co-operative Bank will be deciding how it plans to proceed with its Ethical Policy.
On 20 December the Co-operative Group and Co-operative Bank announced that the 'liability management exercise' - the first part of the re-capitilisation plan - was complete. New shares have been issued to bondholders resulting in £1bn increase in equity (replacing debt).
This week the Save Our Bank campaign put our supporters' demands to the Co-op Group Chief Executive. We're keeping the pressure on to ensure the Bank's ethics stay strong, and are shown to stay strong. Here's our latest update on where we stand.
This latest newsletter includes results from the survey asking what Save Our Bank supporters think about the campaign priorities.
Late Friday 29th the Co-operative Group announced that a large majority of retail
The Guardian reports this morning (28 November) that the Nationwide £500m share issue has been oversubscribed - raising the full £500m in just four days. This raises hopes that a mutual buy-back of Co-op Bank is feasible.