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.

What is the significance of the Co-op Bank being owned by its customers?

What financial challenge did the Co-op Bank face?

What was the original rescue plan proposed by the management?

How much of the bank will the lenders control after the revised plan?

What ethical standards does the Co-op Bank adhere to?