Welcome to this newsletter from the Customer Union for Ethical Banking, the independent union for customers of The Co-operative Bank.
In this month’s newsletter, our report from the Gathering last month, plus a few other choice nuggets of Co-op Bank news.
The 6th annual Gathering of the Save Our Bank campaign and Customer Union for Ethical Banking (CUEB) took place in November 2021. Members and supporters came together to discuss and reflect on the state of the Co-operative Bank and the campaign’s activity in the past year, and to look forward to the year ahead.
This page compiles two sets of questions sent to the Co-operative Bank about the 2021 Ethical Poll, and the bank’s responses.
Co-op Bank: We are not looking to remove anything from the Policy, similar to in previous years, we will be building upon the existing commitments to ensure the Policy and our ethical screening continues to reflect the up to date issues that our customers are concerned about as well as those that they’ve previously told us about.
This article was originally published with our July 2020 newsletter, and has been fully updated following changes to the bank’s ownership in early 2021 (See our May 2021 newsletter for more details).
28 April 2021
JC Flowers and Bain Capital Credit have agreed to buy BlueMountain Capital’s share in the Co-op Bank. The acquisition remains subject to regulatory approval.
Nick Slape, Chief Executive Officer of the Co-operative Bank, commented:
This review was originally circulated in the April 2021 newsletter. It posed a number of questions to the bank.
SInce then the bank has responded to the questions and these responses are included and highlighted below. We'd like to thank the bank for the reponses.
Bank in 2014 when the Save Our Bank campaighn started, we published a page highlighting some great examples from the past when the Co-op Bank has taken a strong ethical stance.
Welcome to this April newsletter from the Customer Union for Ethical Banking, the independent union for customers of The Co-operative Bank. This month, we review the Co-op Bank’s Sustainability Report in depth. Plus rumoured deals between investors on bank shares.
The Co-operative Bank informed us (on Monday 21 December 2020), that the discussions around a potential bid for the bank have ended.
This article was published with our July 2020 newsletter, and forms the first part of a review of the Customer Union’s second aim, to work for an eventual return of the Co-op Bank to full co-operative ownership.
Since then the ownership has changed. You can see an updated version here.
In this first part we look into who owns the bank now.
