Category Archives: Banking

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

Posted in Banking, Co-operative News | Tagged , , , , , , | Leave a comment

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

Posted in Banking, Co-operative Group, Co-operatives UK, Environment, Ethics, Problems | Tagged , , , , | Leave a comment

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

Posted in Banking, Co-operative movement, Democratic participation, Education | 1 Comment

Save Our Bank – 2

An update from Save Our Bank, building on the December post. As the Ethical Consumer website says, “The aim of the Save Our Bank campaign is to keep the Co-op Bank ethical and return it to mutual ownership at the … Continue reading

Posted in Banking, Co-operative movement, Democratic participation, Problems | Tagged , , , , | Leave a comment

The Co-operative Bank: time for change?

In November Anne, who has a Co-operative Bank account, drew our attention to the closure of the account of the Palestine Solidarity Campaign (PSC) which she found very disturbing. The News reports that PSC has launched a legal case against … Continue reading

Posted in Banking, Co-operative News, Democratic participation | Tagged , , , , , , , , , | Leave a comment

A reminder from Exeter: the Co-operative Bank is the only bank on the high street with a clear customer led ethical policy

Writing in the 17th July edition of the Friend on the complexities of divestment, Gill Westcott reminds us that the Co-op, despite its faults, still offers the only nationally available current account that avoids investing in fossil fuels as well … Continue reading

Posted in Banking | Tagged , , , | Leave a comment