The Co-operative Bank is to invest another £500m in upgrading its IT systems over the next three years as the Co-operative Group cedes control of its troubled bank to US hedge funds. The news was revealed as the Bank unveiled a ...
Tags: Computer Products, bank, software
The Co-operative Bank has written down £148.4m after deciding not to go ahead with the implementation of a new core banking platform. The bank revealed the write down as part of its financial results for the six months to 30 June ...
Tags: Computer Products
The Co-operative Bank could write-down up to £200m of IT investments if it finalises a proposed acquisition of 632 Lloyds Banking Group (LBG) branches. The Co-op Bank's annual profits could be impacted significantly if its ...