Bank appoints new CEO

17 September 18

Andrew BesterThe Co-op Bank has named Andrew Besteras its new Chief Executive. This news was followed by an announcement that the bank’s chief finance officer will also be stepping down.

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Kelly Review into failings at the Co-op

30 April 14

Kelly ReviewIn July 2013 Sir Christopher Kelly was appointed to conduct a review into the failings that led to the problems in the Co-operative Bank in 2013, and so to its eventual take over by private investors and hedge funds.

Commenting on the report published 30 April 2014, Sir Christopher said: “This report tells a sorry story of failings in management and governance on many levels.... The roots of the shortfall lie in a merger between the Bank and the Britannia Building Society which should probably never have happened. "

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