Co-op Bank says transformation plan ‘materially complete’ ahead of agreed £780m Coventry merger Banking The Co-operative Bank has said its multi-year transformation plan is "materially complete" as the lender progresses with an agreed £780m takeover by Coventry Building Society.
Takeover bids, millionaire CEOs and angry members: Building societies are looking a lot like the big banks Banking Runaway profits, big-ticket acquisitions and bumper executive pay rises, Britain's building societies are starting to look a lot like banks.
Coventry Building Society sees profit boost from rate hikes as Co-op Bank merger talks continue Banking Higher interest rates have boosted Coventry Building Society's annual profits as the lender continues to negotiate a potential merger with the Co-op Bank.
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.