Aldermore ditches bid for Co-op Bank Co-op The challenger bank’s bid for Co-op was reportedly derailed by a leadership shake-up at FirstRand, its South African parent company.
The Co-op lowers prices as it eyes ‘golden era’ The Co-op The Co-op has revealed plans to grow its membership to eight million by the end of the decade as it eyes a "golden era of co-operation".
Labour will double the size of the co-op and mutuals sector Tulip Siddiq & Joe Fortune Under a Labour government, there will be a level playing field for low-risk, member-owned organisations that reinvest their profits, say Tulip Siddiq and Joe Fortune
Co-op Bank enters exclusive talks with Coventry Building Society December 21, 2023 The Co-op Bank has entered exclusive talks with Coventry Building Society which could pave the way for a merger in the months to come.
Co-op Bank hints at potential sale after reports of auction November 8, 2023 Co-operative Bank has confirmed that it is exploring potential strategic opportunities
Co-op Bank reports dip in profits as takeover suitors swirl November 8, 2023 Co-operative Bank has doubled down on its guidance for the year today despite a dip in profits, in a key set of results for the lender as it hunts for a potential buyer.
Co-op’s revenue ticks down but group looks forward to ‘golden era’ of growth April 4, 2024 The Co-op board said it was confident in the group’s outlook for the year, as it steams ahead with plans to target eight million members by the end of the decade.
Profit slips at the Co-op Bank as Coventry Building Society continues to circle February 28, 2024 Despite seeing an increase in net interest income, thanks to higher interest rates, the bank saw costs increase significantly which dented its bottom line.
Co-op invests £70m into fresh price cuts for as losses narrow September 21, 2023 The Co-op has invested a further £70m investment into lowering pricing for customers as its losses narrowed after the sale of its forecourts business to Asda. The retailer pumped £20m into price cuts in the first half year and said it now has plans for a further £70m investment, which includes 200 reductions for users [...]
Coventry Building Society agrees terms to buy Co-op Bank for £780m April 18, 2024 Coventry Building Society has agreed terms to buy The Co-operative Bank for £780m as a wave of consolidation sweeps through the mid-sized banking sector.