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Get latest articles and stories on Business at LatestLY. According to RBI press release, this conference, attended by about 300 participants representing more than 120 UCBs, focused on enhancing the resilience of the financial system…

India’s central bank on Monday (Apr 29) imposed a monetary penalty on five co-operative banks for multiple violations. The Reserve Bank of India (R

The two banks scored the lowest out of 13 banks for their mobile app and online security in a Which? study.

Get latest articles and stories on Latest News at LatestLY. The RBI on Tuesday imposed several restrictions, including on withdrawals, on The Konark Urban Co-operative Bank, Ulhasnagar (Maharashtra), in the wake of the bank's deteriorating…

NatWest, Accord, HSBC, The Co-Operative Bank and Barclays have all announced they will be upping their rates for customers over the coming days.

The £780 million deal would see the Coventry Building Society become the UK's seventh largest lender and follows fellow mutual Nationwide's merger with Virgin Money.

Tentative offer follows four months of talks and could create new banking group with almost 5m customers

Coventry Building Society is to acquire Co-operative Bank for £780million, in a deal that will create a £89billion mutually-owned banking, mortgages and savings group.

A potential buy-out has been agreed

The Co-operative Bank will this week move a step closer to regaining its mutual status when it announces that it has struck a £780m deal to be bought by the Coventry Building Society.

Get latest articles and stories on Latest News at LatestLY. The RBI on Monday imposed several restrictions on Mumbai-based Sarvodaya Co-operative Bank, including capping withdrawals at Rs 15,000 for customers, in the wake of the bank's…

Get latest articles and stories on Latest News at LatestLY. The RBI on Monday imposed several restrictions on National Urban Co-operative Bank Ltd, Pratapgarh (Uttar Pradesh), including capping withdrawal at Rs 10,000 for customers, in the…

Get latest articles and stories on India at LatestLY. The Directorate of Enforcement (ED) has attached 413 agricultural land parcels measuring approximately 1,807 acres in Maharashtra's Sindhudurg in connection with a bank loan fraud case…

Get latest articles and stories on Latest News at LatestLY. The Reserve Bank of India (RBI) on Monday imposed several restrictions on Maharashtra-based Shirpur Merchants' Co-operative Bank, including withdrawal of funds by customers, in…

Lender says move is unrelated to takeover talks with Coventry Building Society

The Co-operative Bank has said it plans to cut around 400 jobs in the UK as part of plans to slash costs.

The bank said that it was embarking on a consultation and restructure which will lead to a net reduction of 12% of its roles across the organisation.

Co-operative Bank bosses have insisted that the plans are essential.