Co-op to launch inquiry into banking woes

THE Co-operative Group has confirmed that is planning to commission an independent review into the problems in its banking business which caused an emergency £1.5bn fundraising.

It is expected that a senior business leader or City lawyer will be asked to front the inquiry, which will be asked to report back by early next year.

A statement from the Manchester-based mutual, which has had a torrid few months, said: "The Co-operative Group and Bank can confirm that an independent inquiry will be set up to examine... For the full story register now for free or login below...