Co-op Group posts £559m losses
The Co-operative Group has recorded pre-tax losses of £559 million for the first six months of the year. Its banking arm lost £709.4m, wiping out profits from its supermarkets.
Banking regulator 'anticipated' Co-op Bank losses
The new banking regulator has said it anticipated today's losses at the Co-op Bank and that it will hold it to the plan announced in June to rebalance its balance sheet.
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