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:

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

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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"

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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.