The Co-operative outlines capital plan for its bank

The Co-operative Group has announced a plan to address the £1.5bn shortfall in capital at its bank. Group Chief Executive, Euan Sutherland, has outlined the plan on the group's YouTube channel:

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Co-op unveils £1.5bn rescue deal

The Co-operative Group has unveiled a deal with regulators to plug a £1.5 billion shortfall in the balance sheet of its banking arm.