Anyone still bank with the COOP?

[ditchy]

I think the end is probably in sight !!


The Bank of England is considering a further intervention into the Co-operative Bank that could lead to the lender being wound up before the end of the year.

John Worth, the finance director of the loss-making bank, warned investors in a brief statement last Thursday that it was set to fall short of the capital targets it had agreed with the regulator.

The bank’s executive team is now scrambling to submit a new restructuring plan to the Bank of England to buy more time. However, the repayment of a £400m bond due this September could complicate matters, City sources said.

Their outstanding corporate bonds have all fallen sharply , with doubts that they may not even be able to pay the outstanding £400m bond due this September.

 

[Emily's Mum]

Been with them for a good few years & very happy with them, well after I'd explained what BFPO means


Sent from my iPhone using Tapatalk

 

[Paul Reids Sock]

Used to be with the internet side of them Smile. Ended up leaving when I got a joint account with the wife. However I always found them pretty decent and had to use the Co-Op bank to pay I cheques etc. very nice bunch they were

 

[wellquickwoody]

Does anyone still SHOP at the Co-Op?

 

[Thunder Bolt]

Does anyone still SHOP at the Co-Op?

Sometimes. Why not?
I've also got car insurance & life insurance with them.

 

[Springal]

I left them for TSB before Christmas. Quite simply fallen way behind others and hadn't really evolved. Shame as when Smile started it was way ahead of the times

 

[clippedgull]

Yep, current account with them.

 

[wellquickwoody]

Sometimes. Why not?
I've also got car insurance & life insurance with them.

Well food wise it is generally overpriced and often poor quality, apart from that as you say, why not?

 

[knocky1]

Good for coke.

 

[Justice]

Good for coke.

 

[knocky1]

Good for coke.

https://www.theguardian.com/uk-news/2014/may/07/co-op-bank-paul-flowers-court-drug-charges

 

[dazzer6666]

Well food wise it is generally overpriced and often poor quality, apart from that as you say, why not?

Fresh bread is decent enough, and our local one is half a mile away so use it fairly regularly when I can't be arsed to go any further. It's completely fine for basic stuff.

 

[beorhthelm]

Well food wise it is generally overpriced and often poor quality, apart from that as you say, why not?

this. use local occasionally for convenience, but will often travel further to Tesco Metro at more sensible prices.

 

[AK74]

Despite having the narrowest aisles known to man, the Fiveways Co-Op is ruddy marvellous when an emergency box of Oxo cubes - or equivalent - is required.

As for their banking travails, they're paying the price for a series of strategic blunders made by previous regimes. Play stupid games, win stupid prizes.

 

[LamieRobertson]

Is there internet bank..Smile...works very well.

 

[vegster]

Sad it they go, the problem is they are not corrupt enough to compete with the likes of RBS and HSBC.

 

[beorhthelm]

Sad it they go, the problem is they are not corrupt enough to compete with the likes of RBS and HSBC.

you do know how they got in this mess right? greed got the better of them and they were being run by people who didn't know anything about banking but a lot about the city "entertainment" lifestyle. Coop bank is the reminder to us that alternatives to "big banks" didnt work too well either.

 

[Hotchilidog]

I'm with smile which has been fine for me. Agree with posters who have pointed out that reckless management is not confined to the big banks only.

 

[Greavsey]

Despite having the narrowest aisles known to man, the Fiveways Co-Op is ruddy marvellous when an emergency box of Oxo cubes - or equivalent - is required.

As for their banking travails, they're paying the price for a series of strategic blunders made by previous regimes. Play stupid games, win stupid prizes.

I absolutely detest the Fiveways branch. Bloody impossible to see anything while climbing round or over other shoppers!

 

[smeg]

https://www.theguardian.com/uk-news/2014/may/07/co-op-bank-paul-flowers-court-drug-charges

The Crystal Methodist