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”.
Diese Geschichte stammt aus der February 25, 2022-Ausgabe von The Guardian.
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Diese Geschichte stammt aus der February 25, 2022-Ausgabe von The Guardian.
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