Company Overview of Co-operative Bank plc
The Co-operative Bank plc provides banking and financial services to individuals, sole traders, small businesses, and corporate and commercial entities in the United Kingdom. Its banking products and services include current accounts, savings accounts, mortgages, personal loans, professional and career development loans, secured loans, credit cards, offshore banking, and financial advice. The company also offers insurance products that comprise car insurance, home insurance, pet insurance, life and health insurance, business insurance, breakdown cover, and commercial vehicle insurance; and investment products that include individual savings accounts and unit trusts, investment bonds, with-pr...
PO Box 101
1 Balloon Street
Manchester, M60 4EP
Key Executives for Co-operative Bank plc
Acting Chief Executive Officer
Interim Chief Financial Officer
Director of Corporate and Business Banking
Compensation as of Fiscal Year 2012.
Co-operative Bank plc Key Developments
Co-operative Bank To Divest Troubled Loans
May 19 13
Co-operative Bank plc is planning to put up £10 billion of troubled loans up for sale. The firm is set to appoint external banking advisers to help it sell what it can of the portfolio. Hedge funds, private equity and other debt investors are expected to be interested in the loan book, seeking to profit by buying up distressed loans cheaply and recovering more from debtors than their outlay.
Co-operative Bank plc Announces Changes in Management Team
May 10 13
Barry Tootell, CEO, The Co-operative Banking Group, has chosen to step down from the Board of Co-operative Bank plc. His responsibilities will be assumed with immediate effect by Rod Bulmer, who becomes Director of The Co-operative Bank plc, until a permanent replacement is announced in due course. Barry took over the role of CEO to lead the banking business through the potential acquisition of the Lloyds Banking Group Verde Business. Following the recent decision by The Co-operative Group and Banking Group Boards to withdraw from the Verde process, Barry has decided that the time is now right for him to stand down from his role. Rod Bulmer has been with The Co-operative Group for 6 years and during that period has held of number of senior executive roles within The Banking Group, most notably within its retail banking operation. Prior to joining The Co-operative Group he headed up UK Retail Distribution for Santander.
Co-Operative Bank plc Appoints John Baines as Interim CFO
Apr 17 13
Co-operative Banking Group Ltd. unit Co-operative Bank Plc announced that April 16, 2013 that it appointed John Baines as interim CFO, effective immediately.
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