It made a loss, but it's making progress. Britain's Co-operative Bank reported a pretax loss of £75 million for the first six months of 2014. But that's significantly better than the £844 million loss Britain's seventh-biggest lender made in the same period last year. Co-op is beginning to see the effects of axing jobs and closing branches, after a restructuring which saw it fall under the control of bondholders.
Is Co-op Bank On The Road To Recovery?
Business - Boston.com, Boston Globe: Business
Fri, 08/22/2014 - 5:35am
BING NEWS:
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The model allows a co-op to 'raise the money when it wants it, set the terms of the financing and engage community members directly' ...
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05/3/2024 - 4:45 am | View Link - More
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