The Co-operative Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
Capital crisis and governance controversy
The bank disclosed a large capital shortfall after difficult loan exposures and weak financial performance. The crisis led to a restructuring that removed effective ownership from the Co-operative Group and prompted extensive regulatory, political and governance scrutiny.
2013
Paul Flowers controversy
Paul Flowers, who had chaired the bank, faced intense public criticism after reports concerning inappropriate comments and conduct. The episode became a prominent symbol of governance concerns surrounding the bank during its capital crisis.
2013
Corporate banking fraud case
The former head of corporate banking, Peter Crook's predecessor in the role, was convicted and imprisoned for fraud-related conduct involving loans and customer businesses. The case added to reputational and governance concerns during the bank's restructuring period.