The Co-op Bank has named Andrew Besteras its new Chief Executive.
The Co-op Bank has this week published the Values and Ethics Report for 2017. You can read it in full here. We'll be reading it closely and will report to you in the June 2018 newsletter.
The Co-op Bank has appointed a chair to replace Dennis Holt, who is retiring.
The new chair, Bob Dench, has a background in helping banks that need to get out of crisis.
It's 25 years since the Co-operative Bank adopted its ethical policy, and the bank has launched a new advertising campaign focusing on this, as Prolific North and
This is a media release from the Co-operative Bank.
Thursday 14 September 2017
Moody's has upgraded the Coop Bank credit rating from CA to CAA2.
"The credit ratings agency said its outlook on the long-term debt and deposit ratings is positive, driven by its expectation that the completion of the bank's recapitalisation will allow it to focus on its non-core portfolio, improving its profitability and low efficiency."
The Telegraph warns Co-op Bank 'retail' bondholders with 11% coupon bonds maturing in 2023 that they need to apply now to get compensation for losses in the restructuring deal.
Ordinary customers with deposits or savings at the bank are not affected.
Coop News discusses whether the Co-op Bank should keep its name and SaveOurBank offers its view.
Following its acceptance of the restructuring proposals offered by a group of Tier 2 note holders and shareholders, the bank has got permission to convene a meeting to approve the proposals.