Tag: The Co-operative Bank

Co-operative Bank bans sales incentives

Co-operative Bank bans sales incentives

The Co-operative Bank has banned sales incentives for its branch staff and replaced them with an incentive system which rewards good customer service with bonuses of up to £400 per quarter. Around 3 per cent of branch staff were offered incentives to sell products. The Co-op plans to introduce the new customer service incentive scheme [...]

October 10, 2012 | 0 Comments More
Co-op stops offering bank accounts to bankrupt customers

Co-op stops offering bank accounts to bankrupt customers

Despite its commitment to ethical business practices the Co-op has stopped offering bank accounts to people who are undischarged bankrupts. Bankrupts are usually automatically discharged from bankruptcy after 12 months and are then freed from bankruptcy restrictions and from the debts owed. People who are undischarged bankrupts will have access only to Barclays’ Cash Card [...]

September 17, 2012 | 0 Comments More
Brits prefer to change national allegiance than switch banks

Brits prefer to change national allegiance than switch banks

Brits are more likely to change their allegiance during the World Cup than to switch to a best buy bank account. Research by the Co-operative Bank found 31% of people plan to choose a new team to support if their favourite side is knocked out of the World Cup. This is compared to just 29% [...]

June 18, 2010 | 0 Comments More
Brits want to be mortgage-free by age 50

Brits want to be mortgage-free by age 50

Paying off the mortgage in full before they reach age 50 is the goal of nearly two thirds of Brits. Research by the Co-operative Bank found 62% of UK consumers aim to be mortgage free by their 50th birthday. Once their mortgage is paid off, the main goal of those surveyed was to take more [...]

February 18, 2010 | 0 Comments More
Ethical savings boost with Co-op-Britannia merger

Ethical savings boost with Co-op-Britannia merger

Savers who care about whether their savings are used to fund arms companies or renewable energy received welcome news today with the merger of Britannia Building Society and The Co-operative Bank. The merger aims to create a “trusted and ethical alternative to shareholder-owned bank.” All three million Britannia members have joined or been given to [...]

August 3, 2009 | 0 Comments More
Ethical investment policy boosts Co-operative Bank

Ethical investment policy boosts Co-operative Bank

The Co-operative Bank’s customer numbers have increased significantly in recent years because of its ethical investment policy. Since 1992, the bank’s commercial lending has grown from £571 million to £4.4 billion in 2008 - an average 14% per year growth. Between 2007 and 2008 it increased lending to individuals by 15%. David Anderson, chief executive, [...]

February 3, 2009 | 0 Comments More