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
Newly-unveiled UK Plastics Pact ‘unites every body, business and organisation with a will to act on plastic pollution’.
“Closing the door to the world will not stop the evolution of the world”, Mr Macron told US Congress.
Michael Seed is due to enter pleas over his alleged role in the infamous Hatton Garden heist at Woolwich Crown Court.