Co-op to hive off toxic loans into 'bad bank' LONDON (Reuters) - Britain's Co-operative Group is splitting its bank into a 'good bank' and 'bad bank' and will hive off toxic loans worth about 14.5 billion pounds ($22.73 billion) to be wound down or sold off, the company said on Monday. The Co-op also said there is leeway for additional capital provisioning within its rescue plan, which the company is undertaking to plug a 1.5 billion pound ...
June 17, 2013 - Reuters via Yahoo! News