Co-op Bank For Sale After IT Failures

Money, sterling, poundThe Co-op Bank, which is 20% owned by the Co-operative Group, and was rescued by a US hedge fund bail-out, is now up for sale. Meanwhile, it appears that some customers may also be experiencing the effects of its IT system transformation.

Bank For Sale.

In 2013, the Co-op Bank nearly collapsed, which was mainly attributed to it losing money on commercial property deals, and trying to buy 630 branches from Lloyds Banking Group.

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