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...