Co-operative Bank

The Co-operative Bank reassured pensioners that their investments were safe a month before announcing plans to slash their savings as part of a last-ditch bail-out.

The Co-operative Group should pay for financial advice for bondholders set to be hit by its restructuring plan as soon as possible, says an action group.

Hundreds of Co-operative Bank bondholders, who face losing at least 30% of their investments through the lender's debt-to-equity capital-raising proposals, have joined a campaign challenging the bank's plans.

Lloyds expects to spend more than £1.6bn selling off 630 of its branches to form a new TSB Bank later this summer.

The Co-operative Bank has reached agreement with the Prudential Regulation Authority (PRA) to plug a £1.5bn capital hole in its balance sheet.

Two senior executives from Lloyds Banking Group will appear before the Treasury Select Committee next week to answer questions over the collapsed branch sale to the Co-operative Group.

Co-operative Bank director Martyn Wates has quit the business with immediate effect.

Members of life and pensions mutual Royal London have agreed to proposals to acquire the life insurance and asset management businesses of the Co-operative Banking Group.

The Co-operative Bank has appointed the former head of HSBC's North American propositions as its new chief executive.

Concerns raised by ratings agencies, analysts and hedge funds have pushed bank shares lower this morning as the FTSE 100 snaps seven straight days of gains.