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  1. #1
    Expert bluzysuzy is a jewel in the rough bluzysuzy is a jewel in the rough bluzysuzy is a jewel in the rough bluzysuzy is a jewel in the rough
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    Co-op Bank Credit Rating Downgraded

    http://www.bloomberg.com/news/2013-0...abandoned.html

    http://www.independent.co.uk/news/bu...t-8610356.html

    The Co-operative Bank boss Barry Tootell has quit after its failure to take over 632 Lloyds branches and a shock credit rating downgrade by Moody's.

    I don't shop there much but as Co-op members will know the bi-annual divi has also dropped to a fraction of what it was a couple of years ago. The first year I joined my first divi was £58 whereby the Christmas one was only around £10 with the same spend routine just paper, milk, loaf ect. but it did used to mount up over 6 months. I spose they'll always be a Co-op group otherwise whose gonna plant us all? lol

  2. #2
    Junior Member randydsoza58 is an unknown quantity at this point
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    It’s no surprise but it’s still something of a shock: Moody’s have downgraded the UK’s credit-rating from AAA to Aa1. The UK’s stuttering recovery – and the way it has upset George Osborne’s best-laid plans for reducing the deficit.
    Hated being Hated..

  3. #3
    Expert bluzysuzy is a jewel in the rough bluzysuzy is a jewel in the rough bluzysuzy is a jewel in the rough bluzysuzy is a jewel in the rough
    Join Date
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    Even more bad news for pensioners holding certain Co-op bonds

    http://money.aol.co.uk/2013/07/18/co...6pLid%3D195220

    The regulator told the bank to stop paying interest to holders of certain types of Co-op bonds. Many of them are pensioners, who rely on them for income, and in some instances they need the money to pay their nursing home fees.

    Maybe of interest

    Co-op have some helpful free legal advice, literature and videos for lifes tribulations here: (perhaps they should read it)
    http://www.co-operative.coop/legalservices/

    Topics covered:

  4. #4
    Junior Member RohitBhardwaj is an unknown quantity at this point
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    A branch of the Co-operative Bank The Co-operative Bank has been downgraded by the credit rating agency Fitch.


 

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