Wednesday, August 17, 2022

Co-op Bank goes up for sale – Retail Gazette

File photo dated 3/9/2014 of a co-operative bank sign in Holborn, London. The board of the Co-operative Bank has hoisted a for sale sign over the troubled lender as concerns mount over its capital position. PRESS ASSOCIATION Photo. Issue date: Monday February 13, 2017. The bank, which has four million customers, said that its ability to meet longer term UK bank regulatory capital requirements has been hampered by low interest rates and higher than anticipated transformation and “conduct remediation” costs. See PA story CITY CoopBank. Photo credit should read: Nick Ansell/PA Wire

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