Mark Carney, governor of the Bank of England, pauses during a news conference . Photographer: Chris Ratcliffe/Bloomberg

Royal Bank of Scotland and Lloyds barely passed stress tests set by the Bank of England, which said their capital at the end of last year fell short(...)

Co-operative Bank lost a net 28,199 current account customers during the first six months of this year, with the departure of around 38,000 partly made up for by 9,700 new customers. Photograph: Rui Vieira/PA Wire

The Co-operative Bank suffered a customer exodus amid a “hurricane of negative publicity” as 38,000 current account holders left in the first half of (...)

As a mutual organisation, owned by its members and managed for their benefit, the Co-operative is supposed to be different from other banks.

As a mutual organisation, owned by its members and managed for their benefit, the Co-operative is supposed to be different from other banks. So it see(...)