Has the Co-op Bank secured its future?

It might sound like history repeating itself, but a fresh hedge fund deal could be the start of a new era

Co-op bank
(Image credit: 2014 Getty Images)

Co-op Bank will probably avoid a regulatory winding-up process over inadequate capital reserves, thanks to a hedge fund deal worth hundreds of millions of pounds.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More