All the updated news related to the co operative bank

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City

Record mortgage lending helps TSB swing back to profit

High street bank TSB has revealed it returned to profit in 2021 thanks to record mortgage lending and a bounceback in the wider economy. The Spanish-owned lender posted annual pre-tax profits of £157.5 million against losses of £204.6 million in ...

27 Jan 2022 at 09:55

City

Co-op Bank bolstered by higher interest rates as it hails turnaround progress

The Co-operative Bank has surpassed £100 million in profits after its turnaround plans gathered steam and higher mortgage rates boosted its margins. The once-flailing bank reported its seventh consecutive quarter of profits after being rescued ...

10 Nov 2022 at 14:20

Personal Finance

Current account switching picks up pace in July before interest rates cut

More than 100,000 current account switches took place in July as people locked into better savings deals before the Bank of England cut interest rates, new data has shown. However, the total number of switches slowed between July and ...

31 Oct 2024 at 00:01

City

Co-operative Bank plans to slash around 400 roles in cost-cutting drive

The Co-operative Bank has said it plans to cut around one in 10 of its workforce, shedding approximately 400 jobs, in a bid to cut costs. The bank said that it was embarking on a consultation and restructure which will lead to a net ...

26 Mar 2024 at 20:15

City

Co-op Bank transformation ‘materially complete’ ahead of merger deal

The Co-operative Bank has said its transformation plan is “materially complete” ahead of its agreed merger with Coventry Building Society. The banking firm said discussions over the deal, which will see the building society acquire ...

02 May 2024 at 08:00

City

Vodafone completes £6.6bn deal to offload Italian arm

Vodafone has completed the eight billion euro (£6.6 billion) sale of its Italian business to Switzerland’s Swisscom as a flurry of deals are sewn up for the start of the new year. The mobile phone giant – which last month saw its ...

02 Jan 2025 at 09:14

City

TSB swings to back to profit but warns over inflation hit to borrowers

High street bank TSB has revealed that record mortgage lending helped it returned to profit in 2021, but warned over pressure on households and businesses from soaring inflation. The Spanish-owned lender posted annual pre-tax ...

27 Jan 2022 at 14:55

Co-op Bank apologises after payments taken twice from business accounts

City

Co-op Bank apologises after payments appear to be taken twice from some accounts

The Co-operative Bank has apologised after customers said a glitch had taken payments twice from some small business account holders. One person on X, formerly Twitter, complained that they are “almost £5k down thanks to ...

12 Jun 2024 at 15:18

Ex-bank chairman to be sentenced for fraud after handing himself in

Disgraced former Co-operative Bank chairman Paul Flowers will be sentenced for fraud after he handed himself in to the police following a warrant for his arrest. In July last year, Flowers, 74, pleaded guilty to a ...

26 Feb 2025 at 19:23

Personal Finance

More than one million calls made to 159 anti-scam phone number

More than a million calls have been made to an anti-scam service that gives people a memorable number to contact if they suspect they may be dealing with a fraudster. The 159 service launched in September 2021 ...

30 Apr 2025 at 00:01

City

Co-op Bank’s profit rises fourfold as boss boasts rate rises for all savers

The boss of Co-operative Bank has said it has benefited from being more “nimble” than the UK’s big five banks as it reported soaring profits on the back of higher interest rates. Nick Slape, the group’s chief ...

01 Mar 2023 at 13:28

Personal Finance

Challenger banks jump ahead of industry giants for customer satisfaction

Challenger banks have overtaken high-street banks in a survey ranking how satisfied people and firms are with their services amid the worsening cost-of-living crisis. Starling Bank and Monzo were the ...

15 Aug 2022 at 14:03

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