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Co-op to launch inquiry into banking woes

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Chris Barry
Chris Barry
Editor, North West

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 the events that l... for the full story register now for free or login below...

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