The Co-operative Bank
The bank is 'inviting offers'.
The Co-operative Bank is being put up for sale as concerns mount over its capital position. The bank, which has four million
This has not been an easy time for The Co-operative Group. The departure of its CEO, Euan Sutherland, and report by Lord Myners on boardroom failures, has prompted a good deal of public and private debate, not least around the model of governance that the business has.
The challenges of The Co-operative Bank and the furore around the role of the former chair, made co-operatives - businesses that are member-owned - an unhappy national news story in late 2013. Three months on and I feel that I can breathe again. But what difference did these high profile troubles make to the wider co-operative sector and the long-term reputation of our business model?