Co-op AGM faces up to bank worries

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Concerns about the financial health of the Co-operative's banking arm are likely to loom large when the food-to-funerals group faces members at its AGM.

The meeting in Manchester will also see the departure of chief executive Peter Marks, who is retiring after more than 40 years in the co-operative movement. He has been at the helm during a period of rapid expansion for the group, including the acquisitions of Somerfield and Britannia Building Society.