Who owns the Co-operative Bank?
2021 update
This article was originally published with our July 2020 newsletter, and has been fully updated following changes to the bank’s ownership in early 2021 (See our May 2021 newsletter for more details).
BlueMountain Capital sells stake in bank
28 April 2021
JC Flowers and Bain Capital Credit have agreed to buy BlueMountain Capital’s share in the Co-op Bank. The acquisition remains subject to regulatory approval.
Nick Slape, Chief Executive Officer of the Co-operative Bank, commented:
Save Our Bank view of the 2020 Sustainability Report
This review was originally circulated in the April 2021 newsletter. It posed a number of questions to the bank.
SInce then the bank has responded to the questions and these responses are included and highlighted below. We'd like to thank the bank for the reponses.
The Co-op Bank's Greatest Hits
Bank in 2014 when the Save Our Bank campaighn started, we published a page highlighting some great examples from the past when the Co-op Bank has taken a strong ethical stance.
Newsletter 16 April 2021
Welcome to this April newsletter from the Customer Union for Ethical Banking, the independent union for customers of The Co-operative Bank. This month, we review the Co-op Bank’s Sustainability Report in depth. Plus rumoured deals between investors on bank shares.
Cerberus bid ends
The Co-operative Bank informed us (on Monday 21 December 2020), that the discussions around a potential bid for the bank have ended.
Who owns the Co-operative Bank?
This article was published with our July 2020 newsletter, and forms the first part of a review of the Customer Union’s second aim, to work for an eventual return of the Co-op Bank to full co-operative ownership.
Since then the ownership has changed. You can see an updated version here.
In this first part we look into who owns the bank now.
Bank wins Moneyfacts award
The Cooperative Bank has been named Current Account Provider of the year in the Moneyfacts awards 2020.
Lee Tillcock, Editor of Moneyfacts said "By continuing to provide support via a straightforward and reasonable agreed overdraft rate and a leading rewards bonus, the Co-operative Bank is the deserved winner of the Best Current Account Provider category at the 2020 Moneyfacts Awards."
Bank announces Q1 2020 results
The Cooperative Bank has announced Q1 2020 trading results.
we are providing payment holidays for approximately 17,000 mortgage, loans and credit card customers to date
Headlines are:
Newsletter 26 April 2020
Welcome to this April newsletter from the Customer Union for Ethical Banking, the independent union for Co-operative Bank customers.
We hope you are keeping well, staying healthy and coping with life under lockdown during this Coronavirus crisis. For us it has created some additional pressures on our time, with the result that this newsletter reaches you after a longer gap than usual, but other than that we are carrying on with our work.
info@saveourbank.coop
@SaveOurBank
@saveourbank
