Co-operative Bank’s platinum card undergoes relaunch with new competitive rate
by Richard Kilner
Story link: Co-operative Bank’s platinum card undergoes relaunch with new competitive rate
The Co-operative Bank’s unique fixed rate platinum credit card has been relaunched.
The card now has a competitive five year fixed rate of 9.9% APR, and offers up to 46 days of interest free credit.
No annual fee will be charged for the card, which allows 90 free days to acquire protection insurance and provides £100,000 travel […]
Co-operative Bank’s ethical card has lowest rates
by Richard Kilner
Story link: Co-operative Bank’s ethical card has lowest rates
The think credit card’s rate is being reduced to 12.9% APR typical variable by the Co-operative Bank, effective from 1 April this year.
The rate reduction is designed to enable more consumers to benefit from the ethical think credit card offered by the bank, as its rate is now the lowest in the ethical credit card […]
Co-op Financial Services posts 6% profit rise
by Gill Montia
Story link: Co-op Financial Services posts 6% profit rise
Co-operative Financial Services (CFS), which owns the Co-op Bank, has reported a 6% increase in pre-tax profit for 2007, to £155 million.
The result reflects a loss of £31.8 million by Co-op Bank, which has been forced to write down half of its £63 million investment in structured investment vehicles (SIVs) managed by Citigroup, HSBC and […]
Co-operative Bank has something to Smile about
by Gill Montia
Story link: Co-operative Bank has something to Smile about
In a recent survey carried out by Watchdog, the BBC’s consumer affair programme, the Co-operative Bank and its online subsidiary, Smile, took third and second place respectively.
Over 13,000 viewers were asked to rate the current account and customer service standards of 45 different banks and building societies.
Respondents to the survey then named the bank which […]
Co-op announces major cuts in CFS staff
by Gill Montia
Story link: Co-op announces major cuts in CFS staff
Co-operative Bank is planning to reduce staff numbers at its financial services division by 1,000, by the end of 2007.
The bank, which runs Smile online, is currently Manchester’s biggest employer and Amicus, the trade union is taking a strong line in demanding that no compulsory redundancies are required in the restructure Co-operative Financial Services (CFS).
The […]
Co-op Reports Increase in Ethical Concerns
by Gill Montia
Story link: Co-op Reports Increase in Ethical Concerns
Co-operative Financial Services is convinced that UK consumer awareness of environmental issues is increasing, leading to a rise in demand for ethical financial products. The Co-operative Bank has produced research showing that eight in ten consumers would opt for an eco-friendly product, given the choice. In the main, people are trying to do their bit […]
