In an article for Comment is Free in the Guardian, the Co-op Bank CEO Niall Booker refers to the history of the co-op movement and promises not to drop previous ethical commitments. This is exactly what Save Our Bank has been calling for.

He says: "Refreshing our existing ethical framework and also asking about three new areas – responsible banking, transparency and treating customers fairly. Our aim is not to exit any existing areas but to add to them, update them and make our ethics more relevant to our customers."