LONDON, UK: The Co-operative Bank has announced that it has agreed to acquire the mortgage portfolio of Sainsbury’s Bank, which consists of around 3,500 customers with balances of about £479 million. The deal is expected to be completed by the end of the year, and the customers will be transferred to The Co-operative Bank over…
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Nick Slape appointed Chief Executive Officer of The Co-operative Bank
LONDON: The Co-Operative Bank announced the appointment of Nick Slape, the Bank’s Chief Financial Officer to the role of Chief Executive Officer, with effect from 31 October 2020, subject to regulatory approval. He succeeds Andrew Bester, who, as previously announced, has decided to step down following the successful delivery of key elements of the Bank’s…