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Coventry Building Society's acquisition of the Co-operative Bank has been approved by regulators, paving the way for the creation of a major banking force with combined assets of £89 billion. The £780 million deal, announced in May, will see the Co-op Bank return to its roots as a mutual
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The Co-operative Bank brand could disappear from UK high streets amid its acquisition by Coventry Building Society for £780 million.
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Coventry Building Society has reached an agreement for a potential acquisition of The Co-operative Bank. The deal, valued at up to £780 million, follows exclusive talks between the two entities since mid-December. Pending definitive agreements, the acquisition is poised to reshape both institu
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Nationwide, Coventry Building Society and Co-operative Bank have returned to offering mortgages on small deposits thanks to the introduction of the stamp duty holiday announced by chancellor Rishi Sunak last week.
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Coventry Building Society has released a statement which admits the society's exaggeration of its financial strength for the last 11 years due to a calculation error. The building society issued a capital update last night which corrected the company's calculation of risk-weighted assets.
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