Co-operative bank taken over by financiers

The Co-op Bank faced a financial crisis, leading to a shift in ownership from customers to lenders. Despite the change, the bank aims to maintain its ethical standards, which include not investing in the arms trade or companies that test on animals. The original rescue plan was rejected by lenders, resulting in a revised plan where lenders control 70% of the bank. The Co-op Bank's commitment to ethics remains a key concern for its 4.7 million customers.

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