The current furore over the management of the Co-op (Bank) is raising a number of questions – some mischievously. The Co-op is not the only mutual so should not be used as an example to damn all enterprises that do not conform to standard corporate structures.
Tags » Mutuals
Britain’s Co-operative Bank, a PLC owned by the Co-operative Group (The world’s largest mutual, according to various sources) is enduring an historic omnishambles. The hidden monolith of toxic debt that the bank unknowingly absorbed in its merger with the Britannia Building Society has almost sunk the bank. 439 more words