The Co-operative Bank has appointed Laura Carstensen, a commissioner at the Equality and Human Rights Commission, as the new chair of its values and ethics committee. Laura Carstensen was previously a partner at lawyers Slaughter and May and is a former deputy chairman of the UK Competition Commission.

The the same time the bank reported that it had completed its £400 million pound capital raising excercise. The fundraising was 2.5 times oversubscribed.