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Co-operative Bank announces £1.3bn loss

The Co-operative Bank is attempting to raise another £400m. Credit: John Stillwell /PA Wire

The Co-operative Bank has reported an annual loss of £1.3 billion for the 2013 financial year.

The Co-op group was plunged into fresh difficulties on Thursday, offering members a vote on its future after the resignation of senior independent director Lord Myners.

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