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03 November 14

The Chair of the Co-operative Bank has announced he will step down 1 October - earlier than originally planned.

Richard Pym was brought in to help stabilise the bank following a credit downgrade and take it through the re-capitilisation process last year. He replaced Paul Flowers, who was subsequently embroiled in a scandal involving illegal drugs.

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03 November 14

The Co-operative Bank announced today - Bastille day - that it has received 73,000 responses to its ethical survey. This is almost as many as the last survey, which was backed by a much bigger publicity campaign including TV advertising. It is a strong indicator of the importance customers still place with the ethical stance of the bank.

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26 September 14 from,

Co-operatives UK, the federation representing the UK's co-operative sector, has said that the Co-operative Bank can keep using its name, providing that it satisfies certain criteria. These include requirements that the bank should “exist in order to promote co-operative activity” and “operate in line with co-operative values, and not discredit the co-operative business model”.

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08 June 14 from

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.

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04 June 14 from

The Co-operative Bank has joined Co-operatives UK - the federal body for UK Co-operatives.

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30 May 14

A message to the Bank on its Ethics consultation

Dear supporters,

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28 May 14 from

The Co-operative Bank has appointed Laura Carstensen, a commissioner at the Equality and Human Rights Commission, as the new chair of its values and ethics committee. Laura Carstensen was previously a partner at lawyers Slaughter and May and is a former deputy chairman of the UK Competition Commission.

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12 May 14 from

The bank is saying it has met its capital raising target sooner than expected with commitments from shareholders totalling £400m. This includes the Co-operative Group who, as expected, will be diluted to 20% but will remain the largest single shareholder.

In the news release, chief exec Niall Booker is quoted:

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10 May 14 from

Ed Mayo, general secretary of Co-operatives UK (the UK federation of co-operatives) has indicated that the bank could retain the "Co-operative" name despite the fall in the mutual share to just 20% - providing "the values demonstrate the co-operative worth of the bank going forward". The statement draws attention to the fact that other organisations are in a similar situation.

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09 May 14 from

The bank today issued a press release detailing its plan to raise £400m additional capital.

It says it is confident it will raise the money, and that it has commitment from 5 largest shareholders, including The Co-operative Group, to subscribe to new shares.

The Co-operative Group responded:

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