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62 Results from "Co-operative Bank Plc"

/wholesale

Co-op Bank glitch hits business customers after payments taken twice

The Co-op Bank hs apologised to customers after a computer glitch resulted in duplicate transactions, pushing some small business owners into their overdrafts.

/retail

Co-operative bank leads race to acquire Sainsbury's mortgage book - Sky News

The Co-operative bank is reportedly the frontrunner in the bidding process for the £650 million mortgage loan book of supermarket chain Sainsbury's, heralding a turnaround in the fortunes of the once distressed lender.

/people

Co-op Bank poaches Nationwide CIO Delooze

The Co-operative bank has poached Nationwide's CIO Gary Delooze as its new chief information officer.

/cloud

Co-operative Bank shifts treasury operations to the cloud

The UK's Co-operative Bank is to migrate its treasury operations to the cloud, utilising Finastra's Kondor platform running on Microsoft Azure.

/wholesale

Co-op Bank invests in Bankifi

The Co-operative Bank has invested £500,000 in Manchester-based fintech Bankifi as part of a major co-development deal.

/retail

Co-op Bank to slash 350 jobs, close branches

The UK's Co-operative Bank is to shed 350 jobs and close 18 branches in a bid to cut costs in the face of the ongoing Coronavirus pandemic and low base rates.

/retail

Challengers beat incumbents on account opening experience

Many of the UK's leading high street banks have fallen behind their upstart digital rivals when it comes to making it easy and fast to open an account, suggests a review of 12 players' user experience.

/ai

Co-operative Bank opens Loans Marketplace

The UK's Co-operative Bank has launched a loans marketplace, enabling users to sift through a panel of alternative lenders to find the best deals.

/regulation

Nationwide wins £50 million award for business banking plans

Nationwide Building Society has received a £50 million injection for its business banking plans in the latest round of handouts from the RBS bail out fund.

/security

Most UK banks failing to protect online customers with two-factor authentication

UK consumers' association Which? has hit out at much of the banking industry for failing to protect online customers with two-factor authentication (2FA).

/regulation

UK banks accuse challengers for not offering fee-free accounts

The UK's largest retail banks have called on the government to compel smaller, challenger banks to share the cost of financial inclusion by also offering loss-leading fee-free banking accounts.

/retail

Co-op battles to fix 'fragile' IT platform

The UK's Co-operative Bank has warned of an urgent need to re-engineer its IT platform, describing the existing infrastructure as "unsuitable and inherently fragile".