Co-operative Bank

The Financial Conduct Authority (FCA) has temporarily suspended 11 of Co-op Bank's bonds on the request of the company, pending an announcement of a rescue plan by parent company Co-op Group.

The Co-operative Bank has said it expects to shell out a further £100m in compensation to cover "revised" estimates on claims made over the sale of PPI.

The former chief executive of The Co-operative Bank yesterday accused his successors of taking their "eye off the ball" ahead of the lender's failed bid to buy more than 600 Lloyds branches, a move which exacerbated a £1.5bn capital hole in its accounts....

Former director of Co-op Bank Roger Gorvin has written to the chief executive of its parent company, accusing it of unethical behaviour in its planned rescue deal.

Top fund managers have expressed anger over Co-operative Bank's £1.5bn rescue plan and warned its risk a full-scale investor rebellion if it fails to deal with its bondholders.

The Co-operative group has been hit with more than half a billion pounds worth of losses in the first half of this year, after sizeable write-offs at its troubled banking arm.

Royal London has completed the acquisition of the Co-operative Banking group's life insurance and asset management businesses.

The Prudential Regulation Authority (PRA) has approved the change in control required for the purchase of Co-operative Banking Group's life insurance business Co-operative Insurance Society (CIS) by mutual Royal London.

Two Wall Street 'vulture funds' have seized control of part of Co-operative Bank's finances, the Sunday Times reports.

The £1.5bn rescue financing of the Co-operative Bank by its parent will come at the cost of hundreds of jobs, according to reports today.