|
Shareholders must still approve the plan in the coming weeks. Worries about Co-op emerged after it backed out of a deal to buy some 630 branches from another U.K. lender, Lloyds Bank. The bank's problems resulted from poor commercial loans taken on in a merger with the Britannia building society in 2009.
[Associated
Press;
Copyright 2013 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.