Co-operative Bank announces £1.3bn loss

The Co-operative Bank
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.


Co-operative bank announces £1.3bn annual loss

The Co-operative bank has announced a £1.3bn annual loss.