Ten Things You Need to Know Today: Friday 11 Apr 2014

1. CO-OPERATIVE BANK LOST £1.3BN LAST YEAR

The Co-op Bank has confirmed it lost £1.3bn last year, before tax, after a £1.5bn ‘black hole’ discovered in its finances caused a deal to buy 632 branches from Lloyds to collapse. The bank, which hopes to be in profit by 2016, also confirmed it would not now pay £4.97m in deferred annual bonuses to former bosses.

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