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Co-operative Banking Group Limited (origin … Co-operative Banking Group Limited (originally Co-operative Financial Services) was a UK-based banking and insurance company and a wholly owned subsidiary of The Co-operative Group. Established in 2002, its head office was located at the CIS Tower, Miller Street, Manchester. It was mainly known through its two main subsidiaries: The Co-operative Bank (incorporating Smile, the first full internet bank in the UK) and The Co-operative Insurance. Co-operative Financial Services was formed as a holding company to bring these financial subsidiaries together under one umbrella society and to enable synergies between the businesses to be exploited. Following the Co-operative Bank's financial crisis in 2013, the group sold a majority of shares in the business, retaining a 20% stake. As a result, the group was reorganised, and the banking group structure was discontinued. banking group structure was discontinued.
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http://www.co-operativebankinggroup.co.uk/ +
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2013
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Richard Pym
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Co-operative Banking Group
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CIS
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Banking and Insurance
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GBP 1,116.7 million
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Limited company owned by a consumer co-operative
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| rdfs:comment |
Co-operative Banking Group Limited (origin … Co-operative Banking Group Limited (originally Co-operative Financial Services) was a UK-based banking and insurance company and a wholly owned subsidiary of The Co-operative Group. Established in 2002, its head office was located at the CIS Tower, Miller Street, Manchester. the CIS Tower, Miller Street, Manchester.
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The Co-operative Banking Group
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