I’m angry that the Co-op group is in a mess. As a member I have been let down. As a customer of the bank they’ve failed me. As a believer in the co-op approach to business I am disappointed that flagship co-op has failed so many other successful co-ops by its actions. I am annoyed […]
Posts Tagged ‘Co-op Bank’
Hedge fund control of Co-op Bank & Royal Mail should never be allowed to happen
Oct 24th, 2013 by Michael Meacher.On Tuesday two US hedge funds took control of the Co-operative Bank and in effect ended its 170-year history as Britain’s largest mutual. Yesterday an aggressive hedge fund, deceptively entitled The Children’s Investment (TCI) Fund, acquired the largest stake behind the government in the Royal Mail. It is led by a man known for his […]
