Latest news with #Co-opBank
Daily Mirror
5 days ago
- Business
- Daily Mirror
Major bank offers Brits £200 boost but there is just one catch
The Co-op Bank is offering the first three months free on its Everyday Extra packaged account - a current account that comes with extra perk but not for everyone Customers of the major banks can save £200 with a new offer from Co-op Bank. The bank is offering the first three months free on its Everyday Extra packaged account - a current account that comes with additional benefits. This account usually carries a £18 per month charge but includes various extras such as travel insurance and phone insurance. Co-op suggests that customers could save around £200 a year compared to purchasing these types of insurance separately. And if you open a joint account, both individuals can access the benefits. The new offer introduced by Co-op allows new customers to utilise the account, and receive the benefits, free of charge for the first three months. But once the period is up - they will need to start paying the £18 charge, reports Birmingham Live. John Ward, Chief Commercial Officer, said: "This is a great choice of bank account for couples or for anyone travelling several times a year. "So whether you're planning a romantic city break in Paris or a week by the pool in Spain, with Everyday Extra you can be sure that you're covered." "With the price of everyday insurance climbing, we're giving our customers the first three months of perks on us to help make the summer holidays that little bit more affordable."
Yahoo
10-03-2025
- Business
- Yahoo
Pittsfield Cooperative Bank announces new Vice President, Senior Credit Officer
PITTSFIELD, Mass. (WWLP) – Pittsfield Cooperative Bank has announced the promotion of Lisa M. Lawler to Vice President, Senior Credit Officer, recognizing her extensive experience and contributions to the institution's commercial lending portfolio. Lawler, who joined Co-op Bank in 2022, brings more than 30 years of banking experience, specializing in business lending, credit and risk analysis, commercial real estate financing, underwriting, and portfolio management. Her deep industry knowledge and strong relationships within the Berkshires financial sector have made her a trusted credit analyst for local businesses. Gray House names new Executive Director In her new role, Lawler will continue to play a key role in supporting local businesses, ensuring they have access to the financing they need to grow and succeed. She will also help oversee the bank's commercial credit operations, reinforcing the institution's commitment to responsible lending and strong client relationships. 'Lisa's promotion is a testament to her hard work, dedication, and expertise in commercial banking,' said Mike Ferry, SVP, Commercial Banking. 'Her ability to balance financial insight with a personal, community-focused approach makes her an invaluable leader at Co-op Bank.' Lawler's approach to lending aligns with Co-op Bank's community-first philosophy, ensuring businesses receive personalized service tailored to their financial needs. Her leadership will continue to enhance the Commercial Banking team's ability to deliver smart, strategic lending solutions while maintaining a strong risk management framework. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Independent
07-03-2025
- Business
- The Independent
FTSE 100 and European markets slump after Trump's erratic tariff policy changes
The FTSE 100 failed to make up any ground on Friday after a week of losses fuelled by US President Donald Trump's chaotic changes of policy around trade tariffs. London's blue-chip index sank three points to finish the day at 8,680, roughly flat. The Friday performance draws to an end a momentous week for global stock markets, in which investors have tried to assess the impact of US tariffs on Canada, Mexico and China. All the while, Mr Trump has made policy, then reversed it, including temporarily halting tariffs on Canada and Mexico on Thursday for the second time in as many months. Wall Street's S&P 500 also suffered a week of losses, down another 1.1% as UK markets were closing, though it was also affected by US jobs data released earlier on Friday. The Dow Jones was down 0.8%. When asked about the effect his tariffs were having on markets, Mr Trump said: 'Well, a lot of them are globalist countries and companies that won't be doing as well. Because we're taking back things that have been taken from us many years ago.' Germany's Dax index fell 1.8% and France's Cac 40 dropped 1.1%. Sterling was up 0.2% against the dollar at 1.2914, while it was 0.4% down against the euro at 1.1900 In company news, Coventry Building Society reported a drop in its annual profits after seeing mortgage costs fall. The building society, which is the second largest in the UK behind Nationwide, saw mortgage and savings balances grow through the year, but made less income as interest rates were cut. The building society completed the £780 million acquisition of rival lender Co-op Bank at the start of 2025. Meanwhile, Royal London said millions of its customers will share payouts totalling £181 million after the investment group grew its yearly profit and saw wage rises boost pension savings. The company, which offers life insurance, pensions and retirement planning, said 2.3 million customers would benefit from the payout. The biggest risers on the FTSE 100 were BT, up 7.35p to 159.75p, Vodafone, up 2.68p to 72.28p, Taylor Wimpey, up 3.55p to 113.75p, CocaCola HBC, up 94p to 3456p, and Barratt Redrow, up 10.7p to 426.3p. The biggest fallers were Melrose Industries, down 64.4p to 492p, Schroders, down 20.8p to 407.4p, Endeavour Mining, down 62p to 1608p, BAE Systems, down 59p to 1574.5p, and Anglo American, down 81p to 2381.5p.
Sky News
27-02-2025
- Sky News
Paul Flowers: Disgraced former Co-op Bank boss jailed for three years for fraud
The disgraced former chair of the Co-op Bank, Paul Flowers, has been jailed for three years on fraud charges. The 74-year old, who was forced out of the lender in 2013 amid claims of inappropriate expenses and illegal drugs allegations, admitted 18 counts of fraud worth nearly £100,000. Flowers, also a former Methodist minister, committed the offences against an elderly and vulnerable friend. He had previously made headlines for the wrong reasons after his three-year tenure at the bank came under scrutiny in the wake of its 2017 rescue by US hedge funds. Flowers was later banned from the financial services industry by the City watchdog. He was fined £400 in 2024 after pleading guilty to possessing cocaine, ketamine and crystal meth - leading him to being dubbed "the Crystal Methodist" in the press.
Yahoo
27-02-2025
- Yahoo
Paul Flowers: Disgraced former Co-op Bank boss jailed for three years for fraud
The disgraced former chair of the Co-op Bank, Paul Flowers, has been jailed for three years on fraud charges. The 74-year old, who was forced out of the lender in 2013 amid claims of inappropriate expenses and illegal drugs allegations, admitted 18 counts of fraud worth nearly £100,000. Flowers, also a former Methodist minister, committed the offences against an elderly and vulnerable friend. He had previously made headlines for the wrong reasons after his three-year tenure at the bank came under scrutiny in the wake of its 2017 rescue by US hedge funds. Flowers was later banned from the financial services industry by the City watchdog. He was fined £400 in 2024 after pleading guilty to possessing cocaine, ketamine and crystal meth - leading him to being dubbed "the Crystal Methodist" in the press. This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. You can receive Breaking News alerts on a smartphone or tablet via the Sky News App. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.
