Co-op to 'take appropriate advice' on bonus clawback

ITV News Business Editor Joel Hills tweeted after speaking to Co-op Group chief executive Richard Pennycook:


Richard Pennycook tells me the Co-op group is exploring whether it's possible to reclaim bonuses paid out to former executives.


Boss of Co-op Group says "we will take appropriate advice" on bonus clawback. "It may not lead to any action but we do need to explore this"


Co-op Bank guilty of 'woefully inadequate' business practices

The Co-Op Bank was guilty of "woefully inadequate" business practices and appointing senior staff without any experience of the banking sector, a major new report has said.