Customer Union invites Coop Group to help build new coop stake

The Customer Union for Ethical Banking has invited the Co-operative Group to help with the creation of a new, customer owned, democratic stake in the Co-operative Bank.

Responding to a question from Save Our Bank's Shaun Fensom at the Co-operative Group's AGM on 20 May - see video - the Group chair Allan Leighton said that it was not possible for the Group to comment while the 'sale process' is underway, but confirmed that as a shareholder in the bank, the Group is focused on ensuring any buyer adheres strongly to the cooperative values we all believe in.

The video can be viewed here on YouTube.