Belfast Telegraph

Co-op probes its £1.5bn bank loss

Press Association

The Co-operative Group is to investigate how its bank ended up with a £1.5bn black hole which will need rescuing by small investors.

The food-to-funerals group is to appoint a figure to head the inquiry into its disastrous acquisition of Britannia Building Society and failed takeover of more than 600 Lloyds branches.

Belfast Telegraph