The Co-operative Bank

Type: Company
Name: The Co-operative Bank
First reported 11 hours ago - Updated 11 hours ago - 1 reports

Airbus launches new VIP widebody cabin-concept Introduces a new way to greater capacity, comfort

Airbus has launched a new VIP cabin concept, initially for the A330-200, offering a faster and more affordable way to the greater capacity, capability and comfort of a widebody for both private and government customers. Called Summit, the concept features ... [Published Newswit.com - 11 hours ago]
First reported 11 hours ago - Updated 11 hours ago - 1 reports

KPA prepare for a Lions attack at Makande

KENYA Ports Authority (KPA) will host Lions in a tough premier league basketball clash at the Makande Welfare hall tomorrow.KPA who are lying mid table will have to be at their best to stop a smart Lions surge that has seen them move to the top four.Joseph ... [Published The Star (Kenya) - 11 hours ago]
First reported 22 hours ago - Updated 22 hours ago - 1 reports

Another jolt for MNS, Pravin Darekar to join BJP

MUMBAI: Former Maharashtra Navnirman Sena MLA Pravin Darekar, who had resigned from the party on Wednesday, is all set to join the BJP in the next few days. Darekar, a close associate of MNS chief Raj Thackeray, resigned on Wednesday blaming Raj Thackeray's ... [Published Economic Times - 22 hours ago]
First reported Oct 23 2014 - Updated 22 hours ago - 4 reports

Treasury report: Co-op Bank debacle a catalogue of failures

The Treasury select committee has today released its report on Project Verde, the Co-operative Bank’s failed bid to buy 632 Lloyds branches. The failure of Project Verde revealed systemic financial problems within the Co-operative Bank and brought the ... [Published Co-operative News - Oct 23 2014]
First reported Oct 23 2014 - Updated Oct 23 2014 - 1 reports

Power of the courts to override an express costs clause in a mortgage

When a court assesses the amount of costs payable by one party in litigation proceedings to another, the costs may be assessed under the Civil Procedure Rules on either the standard basis or the indemnity basis. On an assessment under either basis, the ... [Published The Lawyer - Oct 23 2014]
First reported Oct 23 2014 - Updated Oct 23 2014 - 2 reports

Lloyds was not pushed to sell branches to Co-operative Bank - lawmakers

Lloyds Banking Group's aborted attempt to sell hundreds of branches to the Co-operative Bank was not influenced by politicians, a committee of lawmakers said on Wednesday. The sale collapsed in April last year and the full scale of Co-op Bank's problems ... [Published Yahoo! Finance UK and Ireland - Oct 23 2014]
First reported Oct 23 2014 - Updated Oct 23 2014 - 3 reports

Co-Op Bank's Near Collapse Was Avoidable

Co-operative Bank’s near collapse last year might have been averted by stronger action from the lender’s auditor and the country’s financial regulator, a government report concluded. ... [Published WSJ.com: Markets - Oct 23 2014]
First reported Oct 22 2014 - Updated Oct 22 2014 - 1 reports

UK Government Calls Co-op Structure 'Not Fit for Purpose' and Questions FSA and KPMG Roles

outlining how the embattled Co-operative Bank's problems could've been "discovered sooner".In the Project Verde report, Chairman of the Treasury Committee, Andrew Tyrie MP will also unveil how the group of politicians think that the structure and composition ... [Published International Business Times UK - Oct 22 2014]
First reported Oct 22 2014 - Updated Oct 22 2014 - 2 reports

Insurance Co asked to pay Rs 4.94L to bank for customer fraud

Thane, Oct 22 (PTI) A consumer forum here has ordered United India Insurance to pay Rs 4.94 lakhs to Thane District Central Co-operative Bank for being deficient in its services with regard to the bank's claim in a customer fraud case.The bank, in its ... [Published Press Trust of India - Oct 22 2014]
First reported Oct 21 2014 - Updated Oct 22 2014 - 2 reports

HC asks BBMP chief to explain drain deaths

Bangalore: Terming the non-responsive attitude of BBMP vis-a-vis the court notice in relation to the recent death of children in drains following heavy rain in the city as the 'height of irresponsibility', a division bench headed by Chief Justice DH Waghela ... [Published Times of India - Oct 22 2014]
First reported Oct 21 2014 - Updated Oct 21 2014 - 1 reports

“Intelligent Banking Meet” awards recognize success from Urban Co-operative Banks in Maharas

- Oct. 21, 2014 - PUNE, India -- MCCIA (Mahratta Chamber Of Commerce Industries & Agriculture) in association with Opine Group, a Pune based Business Intelligence and Analytics firm, recently organized the ‘Intelligent Banking Meet’ – a first of its kind ... [Published Prlog - Oct 21 2014]
First reported Oct 20 2014 - Updated Oct 20 2014 - 1 reports

India's largest MFI awards core banking contract to FIS

Bandhan Financial Services, the largest microfinance institution in India, has chosen US heavyweight, FIS, as its core banking system provider. Being implemented is the outsourced version of Profile, which has recently had success in the country at Bharatiya ... [Published IBS Intelligence Home - Oct 20 2014]

Quotes

"It is ironical to see Darekar blaming Raj's leadership style for quitting the party, he has been closely associated with Raj for more than two decades now, didn't he realise it then? The actual reason for him quitting the MNS and joining the BJP could be related to the scam in the Mumbai District Central Co-operative Bank which he heads" said a MNS leader
"Each of the backstops -- Co-op Bank itself, KPMG as its auditor, and the FSA as its regulator - failed to uncover the bank's capital shortfall until it was too late" the committee's chairman Andrew Tyrie, a Conservative lawmaker, said
The Treasury Committee also slammed the appointment of former chairman Paul Flowers and said the former management of the bank "bears primary responsibility for the calamity that has befallen it"
"I worked very hard in my constituency. I have done a lot of development work. Fifty per cent votes a candidate gets are on account of the work done by him and his relations with voters. The remainder is on account of the party's ideology and agenda. There has been confusion over our party policy and agenda, and this is the reason for the party's debacle" said Darekar, adding that shielding Rahul Gandhi from blame for the Congress' poor performance had not done any good for that party either

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All (279) | News (259) | Reports (0) | Blogs (14) | Audio/Video (1) | Fact Sheets (3) | Press Releases (0)
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Airbus launches new VIP widebody cabin-concept ... [Published Newswit.com - 11 hours ago]
KPA prepare for a Lions attack at Makande [Published The Star (Kenya) - 11 hours ago]
Another jolt for MNS, Pravin Darekar to join BJP [Published Economic Times - 22 hours ago]
Palakkad District Cooperative Bank goes live wi... [Published Polaris - 22 hours ago]
Power of the courts to override an express cost... [Published The Lawyer - Oct 23 2014]
Treasury report: Co-op Bank debacle a catalogue... [Published Co-operative News - Oct 23 2014]
Lawmakers blame bosses, regulator in Co-op Bank... [Published Yahoo! Finance UK and Ireland - Oct 23 2014]
Lawmakers blame bosses, regulator in Co-op Bank... [Published Yahoo! News Australia - Oct 23 2014]
UPDATE 1-UK lawmakers blame bosses, regulator i... [Published London South East - Oct 23 2014]
Frontrunning: October 23 [Published Zero Hedge - Oct 23 2014]
Co-op Bank Project Verde deal 'doomed to failure' [Published Grocer - Oct 23 2014]
Co-op report criticises regulator and KPMG [Published Insider Media Limited - Oct 23 2014]
‘Kuriala’ of Itty Achuthan Declared a Protected... [Published New Indian Express - Oct 23 2014]
Lloyds was not pushed to sell branches to Co-op... [Published Yahoo! Finance UK and Ireland - Oct 23 2014]
Co-Op Bank's Near Collapse Was Avoidable [Published WSJ.com: Markets - Oct 23 2014]
Co-Op Bank's Near Collapse Was Avoidable [Published WSJ.com: What's News US - Oct 23 2014]
Co-Op Bank's Near Collapse Was Avoidable [Published Atlanta Journal And Constitution - Oct 23 2014]
Lloyds was not pushed to sell branches to Co-op... [Published Yahoo! News Australia - Oct 23 2014]
Darekar resigns as MNS general secy [Published Times of India - Oct 22 2014]
TSB to begin operating through brokers in December [Published Mortgage Strategy - Oct 22 2014]
UK Government Calls Co-op Structure 'Not Fit fo... [Published International Business Times UK - Oct 22 2014]
Insurance Co asked to pay Rs 4.94L to bank for ... [Published Press Trust of India - Oct 22 2014]
Former Co-op boss Sutherland takes charge of Su... [Published Grocer - Oct 22 2014]
Insurance Co asked to pay Rs 4.94L to bank for ... [Published Business Standard India - Oct 22 2014]
WFP And World Bank Scale Up Government Logistic... [Published Newswit.com - Oct 22 2014]
HC asks BBMP chief to explain drain deaths [Published Times of India - Oct 22 2014]
Bench asks BBMP chief to explain drain deaths [Published Times of India - Oct 21 2014]
Uchumi secures additional Sh600m KCB loan [Published Business Daily Africa - Oct 21 2014]
ACB issue: govt. told to give details of cases ... [Published The Hindu - Oct 21 2014]
A.M. Best Affirms Ratings of Co-operative Life ... [Published Crawford Financial Planning - Oct 21 2014]
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Blogs

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Frontrunning: October 23 [Published Zero Hedge - Oct 23 2014]
Canada PM vows crackdown after capital shocked by fatal attacks ( Reuters ) Canada Gunman Was Convert to Islam With Criminal Record ( BBG ) Some U.S. hospitals weigh withholding care to Ebola patients ( Reuters ) But... Great rotation... Bond funds stock ...
A.M. Best Affirms Ratings of Co-operative Life ... [Published Business Wire Professional Services News - Oct 21 2014]
HONG KONG--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb+” of Co-operative Life Limited (Co-op Life) (New Zealand). The outlook for both ratings is stable. The rating affirmations ...
The Co-op Bank - Has it Rediscovered its Ethica... [Published theCSRfeed - Oct 03 2014]
The Co-Operative Bank Unveils New Advertising Campaign to Reassert Ethical Integrity SOURCE: Ethical Goods Limited DESCRIPTION: Is the Co-operative bank spending £5.5 million on CSR window dressing or reasserting a genuine ethical integrity? 2013 ...
Centerview Partners hires two partners [Published PE Hub Blog - Sep 03 2014]
Centerview Partners has hired Robin Budenberg and Nick Reid as partners. Previously, Budenberg was chief executive and then chairman of UK Financial Investments while Reid worked at UBS , where he led the UK investment banking business before becoming ...
Co-operative Bank Narrows First-Half Losses and... [Published DealBook - Aug 22 2014]
The British bank said that it posted a pretax loss of about $126 million and shed 13 percent of its employees in the first six months of the year. ...
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Audio/Video

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Is Co-op Bank on the road to recovery? [Published Reuters Video: Business - Aug 22 2014]
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