Co-operative Bank and its parent Co-operative Group on Friday announced that it had successfully completed raising £1 billion for its rescue plan. The British bank with raise about £500 million more from Co-op Group, its bondholders and its interest savings to complete its target fund of £1.5 billion.
Paul Flowers
Breaking News
Retail bondholders of Britain's Co-operative Bank have voted in favor of a restructuring to rescue the bank and proceed with its plan to fill a 1.5-billion-pound hole in its capital.
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