Co-op AGM held in Manchester

The video discusses the Co-op Group's financial challenges, including a significant loss in 2012 due to bad loans and a downgrade by Moody's. It highlights the Co-op's strategic decisions, such as the abandoned takeover of Lloyds TSB branches, and the need to return to ethical banking practices. The video also addresses the broader implications for the mutual sector and the Co-op's future challenges in maintaining its integrity and independence.

What is the main challenge faced by the cooperative group's banking division?

• Recent financial troubles

• Overexpansion

• Historical underperformance

• Lack of members

What was a significant factor in the cooperative bank's financial loss?

• High management salaries

• Increased competition

• Poor customer service

• Bad loans from Britannia Building Society

Why did Moody's downgrade the cooperative bank's credit rating?

• Due to a lack of members

• Because of expected worsening problems

• Because of a successful takeover

• Due to high profits

What is one of the cooperative's strategies to address its financial issues?

• Sell off all assets

• Expand internationally

• Increase management pay

• Return to ethical roots

What challenge does the cooperative face in maintaining its independence?

• Increasing loan losses

• Maintaining integrity

• Reducing member involvement

• Issuing new shares