Relevant:
- Lloyds Banking Group Closing Branches, Cuts 1660 Jobs
- Lloyds slumps 47% as investors bail out
- Five U.K. Banks Must Raise Extra $21 Billion Capital
- UK Government has lost £10.9bn on stakes in RBS and Lloyds
- One in three Halifax branches 'to close' as Lloyds mole reveals plan for biggest bank cull ever
2013-06-18 — bbc.co.uk
Under such a rescue deal, it is unlikely that taxpayer money will be required or that savers will be affected, but it could affect up to 5,000 smaller investors.
Concerns about the bank's capital arose after a deal with Lloyds collapsed.
In April, the Co-op cancelled a plan to buy 631 bank branches from Lloyds Banking Group.
...
Most of Co-op Bank's problems stem from bad loans associated with its takeover of Britannia Building Society in 2009.
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