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Archive for the 'Co-operative News' Category

Endgame nears for Co-op Bank

Posted on October 29th, 2013 · Posted in Co-operative News

The battle for control of The Co-operative Bank is probably now moving towards its endgame.  A prospectus is to be published at some point in the final three months of.. read more

Co-op Group negotiates over future of Bank

Posted on October 29th, 2013 · Posted in Co-operative News

After weeks of pressure, the Co-operative Group has entered negotiations with bondholders to resolve what had been an impasse over the restructuring of The Co-operative Bank.  It is not possible.. read more

The Co-operative Travel ‘joint venture’

Posted on October 29th, 2013 · Posted in Co-operative News

Interesting things are happening with the so called joint venture between Thomas Cook and Co-operative Travel.  I say ‘so called’ as I’ve always regarded the term ‘joint venture’ to be.. read more

Co-op Bank’s second half results

Posted on October 29th, 2013 · Posted in Co-operative News

The rumours were correct – The Co-operative Bank’s losses have increased significantly in the first half of the current trading year.  This confirms what seemed to be the view of.. read more

The search for co-operative finance

Posted on October 29th, 2013 · Posted in Co-operative News

Peter Hunt, the irrepressible chief executive of Mutuo, is in bullish mood.  The think-tank’s Mutuals’ Redeemable Share Bill has had its First Reading in the House of Lords and Peter.. read more

Co-op Bank – the vulture funds circle

Posted on October 29th, 2013 · Posted in Co-operative News

Things are about to become even more interesting for The Co-operative Bank.  ‘Interesting’, though, is not necessarily good.  In this case, it means additional complications and potential problems.   The.. read more

The Co-op Bank of the future?

Posted on October 29th, 2013 · Posted in Co-operative News

It is far too early to consider the crisis that has swept across The Co-operative Bank to be over.  Yet we can begin to see the shape of the Bank.. read more

Co-op Bank’s investor revolt

Posted on October 29th, 2013 · Posted in Co-operative News

Investors in The Co-operative Bank are very unhappy with the principles of the outline for financial restructuring proposed last month.  While co-operative activists are disillusioned that the Bank’s problems are.. read more

Co-op Bank’s capital hole

Posted on October 29th, 2013 · Posted in Co-operative News

Where The Co-operative Bank leads, the Nationwide Building Society follows.  That at least seems to be the sad position regarding capital holes.  Both have announced clear routes out of their.. read more

Bye Bye Verde

Posted on July 3rd, 2013 · Posted in Co-operative News

The Co-operative Group’s decision to withdraw from the purchase of 630 Lloyds Banking Group branches is not entirely surprising.  Several problems about the deal had surfaced in recent months and.. read more

Capital holes

Posted on July 3rd, 2013 · Posted in Co-operative News

Where The Co-operative Bank leads, the Nationwide Building Society follows.  That at least seems to be the sad position regarding capital holes.  Both have announced clear routes out of their.. read more

Co-operative Bank Downgrade

Posted on July 3rd, 2013 · Posted in Co-operative News

The Co-operative Bank has been downgraded by Moody’s credit ratings agency from A3 to Ba3 – in other words from being of good quality to being what is called ‘junk’. .. read more