A report in the Telegraph suggests that the Co-operative Group will sell some of its entitlement to the planned rights issue by the bank. The rights issue is designed to raise £400m and there has been doubt that the Group - which has serious financial difficulties - would be able to find £100m+ needed to keep its stake at 30%. Assuming it does not join in the new issue the Group's share will drop to just over 20% says the Guardian - "the minimum for it to have any effective control over the bank".

Save Our Bank is calling on the bank to give customers a chance to buy stock.

Link: 
Co-op works on scheme to avoid paying extra into bank