The Co-op: 'City roadkill'

The Co-op disaster has gone from bad to worse.

The Co-op disaster has gone from bad to worse. It emerged last weekend that the former chairman of the Co-op bank, the Reverend Paul Flowers, had been filmed allegedly buying hard drugs. This week group chairman Len Wardle stood down. The stricken mutual is trying to raise £1.5bn to plug a hole in its balance sheet. City minister Lord Myners has said that the scandal could threaten the recapitalisation plan.

What the commentators said

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