Trouble at Co-op Bank raises questions about fitness of the mutual model
IT’S not all fun and games at the Co-op Bank. Just over a month ago, the bank was serious about acquiring 632 branches from Lloyds. Now its debt has been downgraded six notches to junk status, and veteran HSBC banker Niall Booker has been brought in as replacement chief executive after Barry Tootell resigned. Inquests […]
Co-operation and Competition
Ed Mayo, ex-head of the New Economics Foundation and now of Co-ops UK, has an interesting blog (here) on the importance of co-operation in our economic system rather than competition. This is a really challenging and difficult topic. Co-operation is extremely important to the successful functioning of the market-oriented economies of the West. But this […]
