Co-operative Bank going west

It is hard to exaggerate the scale of the loss for the British cooperative movement if, as is now appears inevitable, majority ownership of the Co-operative Bank passes to the private sector.  Reports today suggest that commercial bondholders, led by two US-based hedge funds, are poised to take majority control of the bank.

I have contributed a piece on this story to the Guardian’s social enterprise pages today, and will let you know here when the piece is live.

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