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
Nicola Adams has left the world class performance programme and will be making an announcement about her future plans very soon.
MPs are urging the Prime Minister to give honest answers in Parliament about what she knew of the failed test last June.
The ruling Communist Party warning its 88 million members not to play golf, likening it to "extravagant eating and drinking".