Co-op loses 25K current accounts despite rescue deal

The Co-operative Bank has said it lost about 25,000 current accounts during the first 6 months of the year following the uncertainty over its future.

Furthermore, £400m of instant access savings cash was withdrawn in a period that saw the bank being put up for sale before a rescue deal was agreed.

In June 2017 the Co-operative Bank agreed a £700m rescue package to stop itself from being wound up.

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John Porter

John has been with Wrigley Claydon for over 20 years, becoming a partner in 1995. Specialising in Employment Law, John helps clients with matters including the preparation of recruitment policies and employment contracts as well as advocating in employment tribunals in cases of unfair dismissal or discrimination. He also has considerable experience of dealing with landlord and tenant disputes and matters relating to business and company sales, commercial investment property transactions and lettings as well as residential estate and offshore property developments. “I know I’ve done a good job when the business doesn’t need me!” John is never happier than when spending time with his wife and 2 children, Lucy and Alex. John is Chair of Respect Our Community Awards (ROCA) and a board member of First Choice Homes Oldham. In his spare time, John is likely to be found either reading, cooking or walking Donnie the Golden Retriever.