More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis.
Co-op Bank
Breaking News
Finance Minister George Osborne made it clear that the government did not interfere with the sale of Lloyds branches to Co-op Bank, reported Reuters.
US firm Aurelius Capital Management sold its stake in Britain's Co-operative Bank to London hedge fund Perry Capital days after the private life of the bank's former chairman, Reverend Paul Flowers, was exposed.
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