Category Archives: Banking

Co-operative Bank donates £20,000 to emergency appeal for co-ops hit by natural disasters

Devastation on the island of Jost Van Dyke after Hurricane Irma Anca Voinea reports, in the Co-operative News, that the Co-operative Bank has donated £20,000 to Co-operatives UK’s appeal fund set up to help co-ops in countries affected by the recent spate of national … Continue reading

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The Co-op Bank rescue plan

Earlier this month Save our Bank updated its 10,000 supporters – 1,500 of whom have become members of the Customer Union for Ethical Banking: At the end of June the Co-op Bank announced that it had reached agreement on a capital raising … Continue reading

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Shadow Chancellor: Co-operative Ways Forward conference

“Co-operatives should, I believe, play an essential part in the economy of the future”  Edited extracts, added information and links (full text here). John McDonnell pointed out that wealth is more concentrated now than it has been for a century … Continue reading

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Co-operative Bank update

As Paul Gosling writes in the May 17 issue of Co-operative News (hard copy only), the Co-operative Bank’s customer numbers and deposits have held up ’amazingly well’ and interest is reported in several parts of the business. One account holder speaks for … Continue reading

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The  sale of the Co-operative Bank

News of the sale of the Co-operative Bank was a shock to its customers. In the Guardian Patrick Collinson, ‘money editor’, summarised the situation: the Co-op Bank is the only UK high street bank with a customer-led ethical policy, covering … Continue reading

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The Co-operative Bank secures the Britannia Building Society’s pension scheme

Earlier this month, The Times reported that the Co-op Bank has agreed to pump millions into the pension scheme of the Britannia Building Society. The Bank’s pension trustees will be given £50 million over the next seven years, as well … Continue reading

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