Back From The Brink Co-op Bank Returns To Profit Ahead Of Milestone
The Guardian|February 25, 2022
Nearly every UK bank has struggled over the past decade managing the fallout of multi-billion-pound taxpayer bailouts, business scams or devastating IT meltdowns. But few have faced quite as many scandals, near-failures and turnaround efforts as the Co-operative Bank.
Kalyeena Makortoff
Back From The Brink Co-op Bank Returns To Profit Ahead Of Milestone

During that period the mid-size lender has teetered on collapse, its former chief executive was convicted of drug possession, it has been bailed out by a group of hedge funds, and it has changed its boss six times in nine years. But the bank, which has its roots in the ethical cooperative movements and was formed in 1872, is now enjoying relative stability under its hedge fund owners, who have seen it to its first profit in a decade.

Its newest chief executive, Nick Slape, is insistent the bank’s 150th anniversary this year will be a turning point. He says it is an opportunity to look beyond recent scandals and spark new excitement over the UK’s “original ethical bank”, which yesterday reported a £31m profit for 2021 – its first since 2011. The Co-op Bank also more than tripled its bonus pot for bankers to £13.3m after what it described as a “milestone year”.

この記事は The Guardian の February 25, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は The Guardian の February 25, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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