The Co-op Bank is the new Bradford & Bingley | Business | The Guardian

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– Patrick Collinson
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The proposed sale means the prospect of an independent, ethically based challenger bank to the major high street player is dead Co-op Bank, now that it has announced its sale, is going the way of the Bradford & Bingley – to be broken up, run off and the name consigned to history. The good bits – its 1.4m current account holders, and a now half-decent mortgage book – have value. The bad bits – the remaining toxic loans (much of them acquired from the disastrous merger with Britannia building soc.  show all text

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