For Sale: The Co-op Bank

Posted on 13 February, 2017 by admin

It has been announced the Co-op Bank has been put up for sale today, and is now looking to sell all its shares.

It’s not the first time the well-known high street bank has been in trouble recently. The Co-op Bank almost collapsed in 2013, however, managed to stay afloat with U.S hedge fund bailout.

Co-op Bank

The Co-op Bank currently has four million customers and the Co-operative Group owns 20% of the firm. One of the unique points of the bank and what makes the business more appealing to potential buyers is its strong ethical approach. The Co-op spokesperson has emphasized the business ‘a strong franchise with significant potential’.

It is believed the reason for the bank’s recent struggle is due to its low interest rates offering.

One of the rumored potential buyers is TSB, although their current primary focus is working on the separation of their I.T systems from Lloyds.

The Bank of England’s Prudential Regulation Authority spokesman said it welcomed the news from the bank.



Related Posts


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions

Covid-19 Causes Millions To Claim UK Furlough Scheme