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Co-op Bank chief to get £2.9m pay package

Niall Booker says management "kept the bank alive" during its troubles. Credit: Reuters

Co-operative Bank chief executive Niall Booker is to receive a total £2.9 million pay package for the financial year 2013 and could receive a further £1.2 million dependent on the bank's future performance.

On the publishing of the results, Mr Booker said the new management had succeeded in keeping "the bank alive".

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