Belfast Telegraph

Investors to lose in Co-op rescue

An action group representing thousands of investors in Co-operative Bank bonds has launched an attack on the City regulator demanding a rethink of the bank's rescue plan.

Mark Taber said the Prudential Regulation Authority failed to take action early enough and he believes more than 15,000 investors will be impacted by the plan to meet the Co-op Bank's £1.5bn shortfall.

Belfast Telegraph

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