Category Archives: Banking

Independent review finds Co-operative Bank was left “relatively defenceless” by regulators

Ryan Brightwell’s April newsletter from the Customer Union for Ethical Banking, the independent union for Co-operative Bank customers, reports that Mark Zelmer, (right) a former Canadian central banker official, was hired by the UK Treasury and the BoE’s Prudential Regulation … Continue reading

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Jewels in the co-operative crown – farmland, dairy, bank and guilds – sold or disbanded

‘ We remember with great regret the surprise sale of the profitable Birmingham Dairy in 2005, the Co-operative Group’s farmland in 2014, the closure of the Co-operative Women’s Guild in 2016, the sale of The Co-operative Travel to Thomas Cook during 2017 … Continue reading

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Save Our Bank – a history

  Ryan Brightwell (below left), who works with Banktrack in the Netherlands, is one of the founders of Save Our Bank; he writes the newsletters and compiled the history/chronology below. Wider interests are touched on in his lively Twitter page. … Continue reading

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Act on early warning signs of co-operative failure and increase the chance of survival

The international co-operative movement has seen a series of catastrophic failures of large scale co-operatives in recent decades, such as the Saskatchewan Wheat Pool, retail co-ops in Germany, France and Atlantic Canada, banking in Austria and the near meltdown of … Continue reading

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The Bank answers questions about its 2017 Values and Ethics Report

An August Save our Bank Facebook entry highlights a new survey from ClientEarth, which says: “The British public said quite clearly they want their banks and pension funds to avoid investments in fossil fuel projects and were surprised to learn that … Continue reading

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Were activists or imported executives responsible for the Co-operative Group’s ‘management and governance’ failure?

A few years after the event which eventually triggered the setting up of this site in 2011, a group of  co-operators concerned about the ‘corporatisation’ of the large societies, involving loss of members’ control, began to correspond. Several had been … Continue reading

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March visitors: Co-operative Bank, Roger Sawtell, Worker Co-ops

  People from 9 countries visited the site in March.  TOP POSTS       o  

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