In his Economics Blog, Guardian economics editor Larry Elliott welcomes the announcement by the Co-operative Group that it made a profit in 2014. He goes on to point out that, with its 20% shareholding the Group has the right to appoint a director to the bank where it might havs some influence over the amount paid to Niall Booker.

Save Our Bank supporters have previously raised the issue of why the Group has not appointed a director. The forthcoming Group AGM might be a good place to do that.