Co-op Bank in ethics drive

The Co-op Bank will tomorrow launch a consultation on its ethics and behaviour, in a new bid to convince customers it has not lost its values thanks to having new owners. The bank is now majority owned by a group of hedge funds, with the Co-operative Group holding a stake of just over 20 per cent. It is asking customers about how it should act on human rights, supporting economic and social development, the environment and animal welfare. The bank considers its ethical stance a key point of competition with other lenders and is keen to preserve the feature.

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