Co-Operative Bank's CEO Bester resigns Andrew Bester, chief executive of the Co-Operative Bank, is stepping down after just over two years in charge, the British lender said today. Business • 06 Oct 20
UK's Co-op Bank cutting 350 jobs Britain's Co-operative Bank is cutting around 350 jobs and closing 18 branches as the coronavirus crisis forces it to reduce costs, the lender said today. Business • 25 Aug 20
Former Co-Op boss Flowers banned by UK watchdog Disgraced former Co-operative Bank boss Paul Flowers has been banned from the UK financial services industry by the City watchdog. Business • 06 Mar 18
Co-Operative Bank agrees £700m rescue deal The UK's Co-operative Bank has secured a rescue package worth around £700m from existing investors to help it "thrive as a stand-alone" lender. Business • 28 Jun 17
Co-op Bank close to rescue deal with investor group Britain's Co-operative Bank said it was close to agreeing a financial rescue package with leading investors that would shore up its capital base and end … Business • 26 Jun 17
Co-operative Bank says has received 'several' bids The Co-operative Bank has received a number of non-binding offers that would go into a next phase of bidding, as the struggling lender seeks a … Business • 07 Apr 17
Co-operative Group writes off stake in struggling bank The Co-operative Group has posted its first annual loss since 2013 after falling into the red by £132m as it wrote off the value of … Business • 06 Apr 17
UK's Co-op Bank in talks with multiple bidders Britain's Co-operative Bank said its ongoing sales process has drawn interest from multiple bidders after the ailing British lender put itself up for sale in … Business • 24 Mar 17
UK's Co-op bank posts annual loss of £477m Britain's Co-operative Bank has reported an annual loss for 2016 of £477m, a month after the struggling lender put itself up for sale after failing … Business • 13 Mar 17
UK's Co-operative bank puts itself up for sale Britain's Co-operative Bank, rescued from the brink of collapse by a group of hedge funds in 2013, has put itself up for sale as it … Business • 13 Feb 17
Britain's Co-op Bank criticised but spared fine Britain’s Co-operative Bank has been censured by financial regulators over failings surrounding its near-collapse but spared a fine of £120 million. Business • 11 Aug 15
Co-op Bank sees more job cuts after 2014 loss Britain's Co-operative Bank will close 57 more branches this year and more in the future under a turnaround plan that saw it cut 15% of … Business • 27 Mar 15
UK banks pass BoE stress tests, apart from Co-Op All Britain's main banks would be able to withstand a sharp fall in house prices, other than the troubled Co-Operative Bank, the Bank of England … Business • 16 Dec 14
Co-Operative Bank posts loss of £75.8m for H1 The Co-operative Bank has reported a £75.8m pre-tax loss for the first half of the year but said it was encouraged by its progress since … Business • 22 Aug 14
Co-op Bank reports £1.3 billion loss for 2013 The Co-op banking arm has reported a £1.3 billion annual loss as it warned its legacy issues will continue to hit its financial performance for … Business • 11 Apr 14
Britain's Co-Op Bank needs additional £400m The banking arm of Britain’s Co-Operative Group has revealed a setback to its recovery after admitting it needs to raise another £400 million to cover … Business • 24 Mar 14
Co-op to sell farms, may sell pharmacy business The Co-operative Group said today it had kick-started the sale of its farms and was looking at selling part or all of its pharmacy business. Business • 26 Feb 14
UK watchdog says Co-op appointment 'not a mistake' Britain's financial watchdog said it had no regrets about approving the appointment of Paul Flowers to chair the Co-operative Bank in 2010. Business • 07 Jan 14
Co-Op Bank's rescue approved by bondholders The Co-operative Group said a £1.5 billion sterling recapitalisation of its banking arm had been approved by creditors and will be completed if it is … Business • 17 Dec 13
Britain's Co-op Bank may face inquiry over Flowers Britain’s Co-operative Bank looks set to face an inquiry into the decision to appoint disgraced Methodist minister Paul Flowers as its chairman. Business • 20 Nov 13
Co-op chairman quits over ex-bank boss scandal The chairman of Britain's Co-operative Group resigned today as a drugs scandal involving its former bank chairman raised questions over governance standards. Business • 19 Nov 13
Fmr British bank chairman vicar in drugs apology A former British chairman of the Co-operative Bank has apologised after a newspaper reported that he has been caught buying and using illegal drugs including … News • 17 Nov 13
Revised plan to rescue Co-Op Bank The Co-operative Group has confirmed that it will hand control of its troubled banking arm to a group of powerful investors through a new rescue … Business • 04 Nov 13
Co-Op Bank's chairman to step down The Co-operative Group's chairman Len Wardle is standing down next year after it lost control of its banking arm to investors including US hedge funds. Business • 22 Oct 13
Hedge funds circling troubled Co-Op Bank The Co-operative Bank looks set to fall into the hands of US hedge funds and other big institutions after they tore up the embattled lender's … Business • 21 Oct 13
