Co-op strike a deal with regulators

The Co-operative Group today unveiled a deal with regulators that will see the mutual plug a £1.5 billion shortfall in the balance sheet of its banking arm.

Co-op strike a deal with regulators

The Co-operative Group today unveiled a deal with regulators that will see the mutual plug a £1.5 billion shortfall in the balance sheet of its banking arm.

Group chief executive Euan Sutherland told the BBC Radio 4 Today programme that the bank was ``asking our bondholders to contribute'' and said the long-term plan was to now focus on retail customers.

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