Coventry Building Society takeover of Co-op Bank slated for January

NAMPA / DPA

2024-11-28

London (PA Media/dpa) - A £780 million ($988 million) deal for Britain's Coventry Building Society to take over the Co-operative Bank will go through in the new year after regulators gave it the green light. The Co-op Bank will officially become a subsidiary of Coventry Building Society on January 1, 2025, the lenders said on Thursday. The tie-up, announced in May, will create a banking giant with millions of customers and about £89 billion worth......

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