Co-Operative Bank Ditches Business Lending
This story on the BBC web site, says a lot about the state of the Co-Operative Bank. Here’s the first bit.
Co-operative Bank has stopped offering new business loans amid concerns over its capital position.
The bank is continuing to provide lending to existing customers, but has frozen lending to new corporate customers.
I don’t bank there, but if I did, I’d be moving my account for safety reasons tomorrow. If not today!
The Anonymous Widower 
I wouldn’t bank there anyway as the Coop has political leanings. Politics and business should be kept separate.
Comment by John Wright | May 25, 2013 |
My great and sadly late friend, who rose to the highest level in one of the major banks.felt that banking was finished in the 1980s and would go through a great contracting in the 1990s. Could the problems of the banking system, be that they’d completely misjudged this contraction? After all, Egg started in 1996 and that was the first writing on the wall. Zopa could be considered by some to have been hatched out of Egg.
Comment by AnonW | May 25, 2013 |