Co-op bank's losses double to £610 million

The Co-operative Bank posted an annual loss of £610 million, more than double the figure the previous year.

It follows misconduct costs and the sale of riskier assets in an attempt to return the bank back to health.

The Co-op was pulled from the brink of collapse in 2013 after a £1.5 billion capital black hole was uncovered.

Chief Executive Niall Booker said the bank's future looked in good shape, despite expecting more losses next year.