Talks over sale of Co-operative Bank progress

Discussions over the sale of the struggling Co-operative Bank and the separation of its pension scheme are continuing. The Manchester-based bank has confirmed media speculation that it is in advanced discussions with a group of investors with a view to a prospective equity capital raise and liability management exercise. “The bank and other relevant parties continue active discussions regarding separation of the Co-operative Pension Scheme (Pace),” it said. “The formal sale process continues. The bank continues to fully... For the full story register now for free or login below...
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