Property News · February 18, 2017

Co-op Bank is up for sale – is it time to leave?


Its ethical values and cooperative approach are under threat. We look at what it means for its 1.4 million current account customers, and at the alternativesYou opened an account with The Co-operative Bank because of its ethical values. You shuddered when the first news of its £1.5bn financial black hole emerged. You cringed over lurid stories of its “crystal Methodist” chairman. You came close to leaving when the hedge funds took control. Now, as the bank puts itself up for sale, should you finally abandon your account – or hold on, hoping that its values survive?Even its natural friends are losing faith. The Move Your Money group, which campaigns for “equitable and sustainable banking”, says: “The truth is that this is the last spin of the dice for a desperate and downtrodden institution.” Continue reading…

Source : theguardian.com
Read more…Co-op Bank is up for sale – is it time to leave?

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