Failings cost Co-op Bank £105m more

Troubled lender Co-operative Bank has revealed that the cost of a series of failings including its involvement in controversial payment protection insurance policies (PPI) will be up to £105 million more than expected.

The bank, which is in the middle of a rescue plan after a £1.5 billion black hole was identified in its balance sheet, said it has had to increase its provision for customer redress.
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