Co-operative Bank

The scrapping of the approved persons regime, (APR), will be considered by the government's Fair and Effective Markets Review, it has been announced

The Approved Persons Regime (APR) has been described as not fit for purpose in a Treasury Committee report.

The Co-operative Group has released details of its new governance structure following a review by ex-City minister Lord Myners.

The chief executive of beleaguered Co-operative Group has offered his resignation after details of his £3.7m pay packet emerged.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have launched enforcement investigations into failures at the Co-operative Bank which led to it receiving a rescue package of £1.5bn from its parent company.