File photo dated 07/08/13 of a Co-operative Bank branch sign as the bank has launched a new fight to win back customers and re-build its ethical reputation with a ?125 current account switching offer which includes a donation to charity. PRESS ASSOCIATION Photo. Issue date: Tuesday February 4, 2014. Customers who switch their current account to the Co-op will get ?100 and they will also be able to donate a further ?25 to one of seven charities, including Action Aid, Oxfam, Water Aid and Amnesty International. See PA story MONEY Coop. Photo credit should read: John Stillwell/PA Wire
%VIRTUAL-SkimlinksPromo%Lloyds Banking Group was told about regulators' concerns over an abortive deal to sell more than 600 bank branches to the Co-op months before the transaction was agreed, according to evidence put before MPs today.
The concerns over the so-called Project Verde transaction were set out in a letter in December 2011 from Andrew Bailey of the Financial Services Authority to now-disgraced Paul Flowers, then chairman of the Co-operative Bank.
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