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Co-Op: No Govt help needed

The Co-op Bank has said "we haven’t sought nor do we need government support" after the rating agency Moody's suggested it may need "external support" to help it absorb future losses. Its chief executive has resigned.

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The Co-operative Bank: Some facts and figures

  • The Bank is part of The Co-operative Group, the UK's largest consumer co-operative and includes Smile internet bank and Britannia.
  • The Bank has around 5.5 million customers.
  • It offers a range of financial products, including current accounts, savings accounts, credit cards and loans.
  • There are over 300 branches across England, Scotland and Wales.

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