Bank regulator to open Co-op probe

Press Association
High Street Banks - Stock
High Street Banks - Stock

The Co-operative Bank is to be the subject of an enforcement investigation by the Bank of England's Prudential Regulation Authority (PRA).

The regulator said the probe would "consider the role of former senior managers" at the lender, which underwent a rescue last year after a £1.5 billion black hole was discovered in its finances.
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