Co-op investors attack regulator

Tim Wallace
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SMALL investors in Co-op Bank bonds yesterday accused the lender and regulators of hiding the true extent of its £1.5bn capital hole.

Mark Taber, who is backed by 1,300 bondholders, wrote to the Bank of England’s prudential regulation authority to ask why the authorities did not reveal their worries earlier.

The PRA is expected to respond in the coming weeks. And the Co-op insisted its has behaved properly.