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Troubled Co-op Bank halts business lending

James Graham
James Graham
Deputy Editor, North West

THE Co-operative Bank has stopped offering loans to new business customers as it seeks to shore up its finances.The move will raise fresh concerns over the state of its balance sheet weeks after the bank ruled out a bailout from the government.A spokesman for Manchester-based bank stressed that the move did not affect its retail operation.In a statement the group's new chief executive Euan Sutherland, who took up his position this month, said: "This decision is part of our commercial strategy to play to the traditional strengths of... for the full story register now for free or login below...

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