All Britannia branches to become Co-ops

[JOHNNYAITCH]

They'll give the bondholders an account so it's still owned by customers

[chrissy_g]

Another bank trying to be entrepreneurial! Spending £1billion on a system which was never implemented.

 

And taking 1000's of jobs from our local area. Nice ethos.

[For Us All]

Another bank trying to be entrepreneurial! Spending £1billion on a system which was never implemented.

 

And taking 1000's of jobs from our local area. Nice ethos.

 

The Rochdale cobblers and cabinetmakers who formed the Co-op 170 years ago will be turning in their graves.

 

http://www.independent.co.uk/news/business/news/coop-members-finding-out-the-harsh-reality-of-mutual-banking-8897589.html

[For Us All]

I see that locally,the Co-op travel shops in Burslem and Tunstall are no longer open and they both have a large poster in the window saying 'WE'VE MOVED TO FREEPORT,TALKE'

Somewhat misleading that notice,they haven't moved,they've closed.

[For Us All]

More bad news for the Co-op.

 

http://www.bbc.co.uk/news/uk-24998955

[JOHNNYAITCH]

It's all very sad as the Coop image will be atrnished for a long time by this and the reality behind the image will take a long time to recover as well. The whole recruitment of Rev Flowers will surely be delved into and much much more is I believe set to emerge to the detriment of ther CooP regarding that.

 

Well done the Daily Mail for exposing Flowers and for demonstrating why we must maintain a free press..would this have come out with increased press regulastion..I doubt it

[grebovale]

Not happy with the co-op.. They arnt sending out the vouchers we are entitled to

[For Us All]

It's all very sad as the Coop image will be atrnished for a long time by this and the reality behind the image will take a long time to recover as well. The whole recruitment of Rev Flowers will surely be delved into and much much more is I believe set to emerge to the detriment of ther CooP regarding that.

 

Well done the Daily Mail for exposing Flowers and for demonstrating why we must maintain a free press..would this have come out with increased press regulastion..I doubt it

 

Can this story be believed though if it's in the Daily Mail? :rolleyes: ;)

[CAVALIER]

I think it may possibly be true

[For Us All]

Beggars belief how this bloke was appointed Chairman of the Co-op?

 

http://www.independent.co.uk/news/uk/crime/police-search-home-of-former-coop-bank-chair-paul-flowers-after-drugs-video-8950891.html

[Little_Al]

Co-op is no longer a co-operative society but owned by American hedge funds who will ruthlessly exploit both employees and customers. My advice to employees is to make sure you get the maximum redundancy payments to which you are entitled. To investors in Britannia, take your money out as soon as possible - you can transfer an ISA to another firm's ISA without affecting you annual investment allowance. To any insured with Britannia, shop around for a better deal or consult a broker. And any who owe money to Britannia (e.g. mortgage) should seek to renegotiate with a different firm. You might also wish to agitate to ensure the government stops the reckless sale of British businesses to overseas developers and asset strippers.

[blackdog]

 

Well done the Daily Mail for exposing Flowers and for demonstrating why we must maintain a free press..would this have come out with increased press regulastion..I doubt it

 

Spot on would this story have seen the light of day under the proposed regulations? I think not.

[JOHNNYAITCH]

Can this story be believed though if it's in the Daily Mail? :rolleyes: ;)

 

Good question..being the worthless rag that it apparently is then the question has to be asked

[JOHNNYAITCH]

Co-op is no longer a co-operative society but owned by American hedge funds who will ruthlessly exploit both employees and customers. My advice to employees is to make sure you get the maximum redundancy payments to which you are entitled. To investors in Britannia, take your money out as soon as possible - you can transfer an ISA to another firm's ISA without affecting you annual investment allowance. To any insured with Britannia, shop around for a better deal or consult a broker. And any who owe money to Britannia (e.g. mortgage) should seek to renegotiate with a different firm. You might also wish to agitate to ensure the government stops the reckless sale of British businesses to overseas developers and asset strippers.

 

It will be interesting to see the clash between the owners and the various charters which the CooP is bound by

 

But anyone who does deal with the CooP bank should ask themselves if they still wish to continue with it given its new ownership

[stupers]

It will be interesting to see the clash between the owners and the various charters which the CooP is bound by

 

But anyone who does deal with the CooP bank should ask themselves if they still wish to continue with it given its new ownership

 

Very true. At the end of the day, it's going to be the same as any other high street bank. I presume they'll stop at some point with all the 'compelling co-operative alternative to high street bank' marketing plans and shuffle in the background.