Latest news

14 March 14 from www.reuters.com

Some people dismiss the Save Our Bank plan to raise money from ordinary members to buy back a co-operative majority stake in the bank. They say it's a nice idea but the sums of money involved are too high.

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14 March 14

Save Our Bank and Unite the Union - Britians largest trade union - have teamed up to fight for ethics and fair pay at the Co-op Bank.

Read our 14 March Newsletter here

Read the joint press release here

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12 March 14 from www.theguardian.com

Euan Sutherland, the chief executive of The Co-operative Group - which owns 30% of the Co-operative Bank - resigned on 11 March. His resignation was accepted. This follows the row about pay which started following revelations on 9 March.

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09 March 14 from www.theguardian.com

News of a proposal to pay big salary increases and bonuses for senior staff at The Co-operative Group has dismayed Save Our Bank supporters.

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04 March 14

Customers of The Co-operative Bank will have recieved the following message by email or by post over the last week. We at Save Our Bank are pleased to see the bank finally communicating with its customers directly about the difficulties it has gone through, and pleased to see the organisation's values and ethics given some prominence.

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27 February 14

Do you know anyone with shares in The Co-op Bank?

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08 February 14

Following the example email response from the bank to supporters who used the web feedback form, one of our supporters sent us the written response received after they sent a letter to the bank.

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06 February 14

The bank responds to your emails 

Thanks to all of you who wrote to The Co-op Bank after our last mail-out on the 15th January and sent messages of support over social networks. One of our supporters sent in the following response they received from the bank:
 

“Hello

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16 January 14

Keep the bank’s Ethical Policy strong

Over the next few weeks The Co-operative Bank will be deciding how it plans to proceed with its Ethical Policy.

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22 December 13 from www.co-operative.coop

On 20 December the Co-operative Group and Co-operative Bank announced that the 'liability management exercise' - the first part of the re-capitilisation plan - was complete. New shares have been issued to bondholders resulting in £1bn increase in equity (replacing debt).

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