Co-op said that, given the advanced nature of the proposal, it has decided to discontinue the formal sale process. The Co-operative Bank, which was put up for sale in February, has.
Italy will commit as much as €17bn to clean up two failed banks in one of its wealthiest regions, the nation's biggest rescue on record.
LONDON, June 26 (Reuters) - If central banks have learned anything from the Great Financial Crisis, the worst since the 1930s, it is that you don't need runaway inflation to raise interest rates.
Train maker Hornby has sent Phoenix UK Fund's bid for the business off the rails this morning, rubbishing a takeover offer from its biggest shareholder.
The growth in borrowing on loans, credit cards and overdrafts slowed in May, figures from UK banks have shown, following fears of runaway debt levels.