Manchester-based Co-op Bank, which recently agreed to be acquired by Coventry Building Society for £780 million in cash, said on Friday its total income fell 6%…

Coventry Building Society has agreed to buy Manchester-based Co-operative Bank Holdings for £780 million in cash, as it looks to establish a national footprint and…

Manchester-based Co-op Bank published a first-quarter trading update on Thursday saying that discussions regarding the potential acquisition of the bank by mutually-owned Coventry Building Society…

Mutually-owned Coventry Building Society and Manchester-based Co-operative Bank announced on Thursday afternoon that “non-binding heads of terms have been agreed for a potential acquisition of…

Manchester-based Co-op Bank announced it will cut about 400 jobs as it moves to “simplify processes, reduce our cost base and make efficiency improvements.” Last month, Co-op…

Manchester-based Co-op Bank said its statutory profit before tax fell about 46% to £71.4 million in 2023 reflecting “exceptional redress of £28.9m in respect of the…

Coventry Building Society announced it has entered into an “exclusivity agreement in relation to a possible offer” for Manchester-based Co-operative Bank Holdings Limited. Such a deal…

Coventry Building Society has made a non-binding offer for Manchester-based Co-op Bank that values the lender at more than £700 million, according to London media…

Manchester-based Co-operative Bank has announced an agreement to acquire Sainsbury’s Bank’s mortgage portfolio. The portfolio comprises 3,500 customers with balances of around £479 million.    Co-operative…

Manchester-based Co-op Bank said its profit before tax was flat at £61.8 million in the six months ended June 30, 2022, as total income rose 16%…

Manchester-based Co-op Bank said its underlying profit before tax rose about 28% to £35.1. million in the three months ended March 31, 2023. Co-op Bank said its…

Manchester-based Co-op Bank is in the early stages of exploring strategic options — including mergers and acquisitions, a sale of the bank and an initial…

Manchester-based Co-operative Bank has reported profit before tax of £132.6 million for 2022, an increase of £101.5 million. Total income, which includes net interest income and…

Manchester-based Co-operative Bank announced on Tuesday the completion of a “buy-in” transaction of the segregated section of the Co-operative Pension Scheme (Pace) sponsored by the…

Manchester-based Co-operative Bank announced that its underlying profit before tax more than tripled to £103.1 million in the nine months ended September 30, 2022. And the…

Manchester-based Co-operative Bank said on Friday it has now attained “full compliance with total capital requirements plus buffers.” Co-operative Bank provides a full range of banking…

Manchester-based Co-op Bank announced its profit before tax soared to £61.9 million in the six months ended June 30, 2022, up from 21.4 million for…

Manchester-based Co-op Bank on Thursday published a first quarter trading update for the three months ended March 31, saying it made profit before tax of £30.5 million, up…

Manchester-based Co-operative Bank Finance announced it priced its issue of green MREL-eligible £250 million fixed rate reset callable notes due 2027. MREL stands for “Minimum Requirement for…

Manchester-based Co-operative Bank Finance has announced it will begin marketing £200 million of potential green bonds. “The Co-operative Bank Finance p.l.c. will today begin marketing a…

Manchester-based Co-operative Bank on Thursday announced its first full year of profit in 10 years amid a surge of 185% in its net mortgage lending to…

Manchester-based Co-operative Bank — recently rebuffed by Spain’s Banco Sabadell in an audacious £1 billion approach for its TSB Bank subsidiary — on Friday posted a third…

(Updates with Monday statement from Co-operative Bank) Spain’s Banco Sabadell confirmed at the weekend that its board has rejected an audacious offer for its subsidiary TSB Bank…

Manchester-based Co-operative Bank said on Monday it has been rated as the UK’s best Environmental, Social and Governance (ESG) high street bank by Sustainalytics, the…

Manchester-based Co-operative Bank said on Wednesday that US private equity firms J.C. Flowers and Bain Capital Credit agreed to buy a stake in the self-styled…

Manchester-based Co-operative Bank, which recently ended talks on a possible sale of the company,  said on Thursday it made a statutory loss before tax £103.7 million in…

Manchester-based Co-operative Bank said on Monday it has ended talks on a possible sale of the company. Co-op Bank has declined to comment on reports…

Manchester-based Co-operative Bank said on Tuesday the Prudential Regulation Authority (PRA) confirmed a reduction in the bank’s Individual Capital Requirement (ICR) following its standard Supervisory…

Manchester-based Co-operative Bank said on Friday it successfully closed the issue of its £200 million fixed rate reset callable notes due November 27, 2025. “The…

Manchester-based Co-operative Bank said on Tuesday it has received an approach “regarding the possibility of a sale of the bank and/or the holding company.” Co-op…

Manchester-based Co-operative Bank said on Friday it narrowed its loss in the first nine months of the year. Loss before tax was £68.1 million for…

Manchester-based Co-operative Bank plc said on Tuesday it appointed its chief financial officer Nick Slape to the role of chief executive officer, effective October 31,…

Manchester-based Co-operative Bank plc said on Tuesday that Andrew Bester intends to step down as its chief executive officer and as a director of its…

Manchester-based Co-operative Bank plc on Tuesday announced proposals to cut around 350 jobs and close 18 branches. “Aside from the specific branches affected, the reduction…

Manchester-based Co-operative Bank plc said on Thursday it made a statutory loss before tax of £44.6 million in the six months ended June 30, 2020,…

Manchester-based Co-operative Bank said on Wednesday the impact of Covid-19 negatively affected its statutory loss before tax by about £12 million. In a first quarter…

Manchester-based Co-operative Bank said on Thursday its third-quarter loss before tax increased 36% to £118.6 million, primarily reflecting a PPI (payment protection insurance) charge of £60…

Outsourcing firm Capita plc said on Thursday it has renewed its contract with Manchester-based Co-operative Bank to run its mortgage servicing operation in the UK…

Manchester-based Co-operative Bank plc said on Thursday it narrowed its statutory loss for the six months to June 30 to £38.5 million from a £39.5…

The Financial Reporting Council (FRC) said it has imposed sanctions against KPMG Audit Plc (KPMG) and its audit partner Andrew Walker following their admission of…

Manchester-based Co-operative Bank announced on Wednesday the appointment of Donald Kerr to the new role of Managing Director, SME Banking, as part of its bid…

Manchester-based Co-operative Bank plc on Tuesday announced an update on its trading performance so far in 2018 as the self-styled “ethical bank” continues to recover from…

Manchester-based Co-operative Bank plc said on Friday that Tom Wood, its chief financial and restructuring officer, “has decided to step down from his position following…

Manchester-based Co-operative Bank announced on Monday the appointment of former Lloyds Banking Group executive Andrew Bester as its new chief executive officer. Co-operative Bank said in…

Manchester-based Co-operative Bank plc said late on Thursday that its CEO Liam Coleman has decided to step down from his position after less than 18 months during…

Manchester-based Co-operative Bank said on Wednesday it made a loss before tax of £174.4 million in 2017 compared to a loss before tax of £477.1…

The UK’s Financial Conduct Authority (FCA) said it has banned the former chairman of Manchester-based Co-operative Bank plc Paul Flowers from the financial services industry….

Manchester-based Co-operative Bank plc said it will appoint Bob Dench as chairman effective March 14, 2018, succeeding Dennis Holt who is retiring in May 2018….

Manchester-based Co-operative Bank said its chief financial officer John Worth is leaving the bank following the completion of its restructuring and recapitalisation earlier this month. “John…

The troubled Manchester-based Co-operative Bank said on Wednesday it agreed a complex £700 million rescue package with its major investors that would shore up its…

Troubled Manchester-based Co-operative Bank said on Monday it has dropped plans for a sale and will continue its “advanced” discussions with a group of existing investors…

Manchester-based Co-operative Bank on Monday confirmed that it is in “advanced discussions with a group of existing investors with a view to a prospective equity…

Manchester’s up-for-sale Co-operative Bank said on Friday it received a number of “non-binding proposals from strategic and financial parties” and that it selected several to go forward to…

Manchester’s up-for-sale Co-operative Bank said “a number of credible strategic and financial parties have expressed interest in the sale process and are currently evaluating information on the…

Manchester’s up-for-sale Co-operative Bank said on Thursday its statutory loss before tax, still impacted by legacy issues, was reduced to £477.1 million in 2016 compared to a…

The Co-operative Bank, rescued from near collapse by hedge funds in 2013, said it has put itself up for sale amid a neeed to build its capital…

Manchester-based Co-operative Bank said on Thursday it is on track for a return to “sustainable profitability” as it published results for the six months ended June…

The Co-op Group, based in Manchester, said its operating profit rose 32% to £148 million on revenues up 3% to £9.5 billion in the year to December 31. However, the mutual recorded a…

MEPC, the specialist asset management and development arm of Federated Hermes, has announced the letting of its pioneering office building 4 Angel Square at NOMA,…

Manchester-based mutual giant Co-op Group announced big board changes, with Debbie White becoming chair and Moni Mannings and Luke Jensen appointed as independent non-executive directors. White succeeds Allan…

Manchester-based Co-op Group announced it has sold its petrol forecourt estate to Leeds-based Asda for an enterprise value of £600 million. The Co-op said the enterprise value…

Manchester-based Co-op Group is in talks to sell 130 of its petrol stations for about £450 million as it seeks to reduce its debts, according…

Manchester-based Bank North, the new regional business bank for small and medium enterprises (SMEs), has made a raft of executive appointments as it ramps up…

Law firm Addleshaw Goddard said on Tuesday its banking team advised Manchester-based Co-op Group on the renewal of its £400 million banking facilities with a…

Manchester-based Co-op Group said it made 2017 profit before tax of £72 million following a loss of £132 million in 2016 that reflected the write down of…

Manchester’s Co-op Group said revenue fell slightly to £4.6 billion in the 26 weeks ended July 1 compared to £4.7 billion at the same stage last year…

The Co-op Group, based in Manchester, said Richard Pennycook is to step down as group CEO and will be succeeded by Steve Murrells, currently CEO of the Co-op’s food…

Newcastle and Edinburgh-based challenger bank Virgin Money said its 2016 statutory profit before tax increased 41% to £194.4 million and its gross mortgage lending grew 12% to £8.4 billion, giving it…

Salford-based investment platform giant AJ Bell plc has announced the appointment of Fiona Clutterbuck as the non-executive chair of the company with effect from May…