In response to Sir Christopher Kelly's report, current Co-op Bank chief executive Niall Booker apologised for "past failings" and said it had been "working diligently" to address them.
The bank also revealed it was appointing new auditors, Ernst & Young, ending a 40-year relationship with KPMG amid a regulatory investigation into the Co-op's past accounts in the years leading up to the end of 2012.
More top news
A damning report has accused police officers of abusing their power to sexually exploit people, including vulnerable victims of crime.
Donald Trump arrives in North Carolina on his 'thank you' tour of a country Time magazine dubbed the "Divided States of America".
One in four people will experience a mental health problem, but councils spend a "negligible" amount of prevention says charity.