Myners: Facts are evidence of need for change at Co-op

The Co-op has been urged to back radical forms suggested by Lord Myners, that will sweep away the "dysfunctional" board which presided over the company's near collapse.

In an interview with Business Editor Joel Hills, Lord Myners said his recommendations needed to be implemented swiftly to enable the business to survive and thrive.

** More: Report highlights 'deplorable governance failures'**

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Former Co-op Bank boss pleads guilty to drugs possession

Former Co-operative Bank boss Paul Flowers today pleaded guilty at Leeds Magistrates' Court to drugs possession.