26 September 14 from www.uk.coop, www.thenews.coop

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”.

08 June 14 from www.theguardian.com

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.

04 June 14 from www.uk.coop

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

30 May 14

A message to the Bank on its Ethics consultation

Dear supporters,

28 May 14 from uk.reuters.com

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.

12 May 14 from www.co-operativebank.co.uk

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:

10 May 14 from www.uk.coop

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.

09 May 14 from www.saveourbank.coop

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:

09 May 14

Bank claims it is on course to raise £400m more - but Co-op Group share will fall

05 May 14 from www.telegraph.co.uk

A report in the Telegraph suggests that the Co-operative Group will sell some of its entitlement to the planned rights issue by the bank. The rights issue is designed to raise £400m and there has been doubt that the Group - which has serious financial difficulties - would be able to find £100m+ needed to keep its stake at 30%.