UK: Co-op bank loses 25,000 customers but reduces losses

Following the Co-op bank putting itself up for sale earlier this year and being rescued in a £700m deal with US investors, it has been reported that the bank has lost 25,000 current account customers within the first half of 2017. It is likely that this is a reaction to the recent uncertainty surrounding the bank. Nevertheless, first half losses when compared with last year are reportedly £42m less, down to £135m from £177m. RFi Group data shows that from the second half of 2015, until the first half of 2017, a consistent 2% of retail banking consumers held their main banking relationship with the Co-operative bank.

"From the second half of 2015, until the first half of 2017, a consistent 2% of retail banking consumers held their main banking relationship with the Co-operative bank."
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