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Bailout Fears For Britain's Co-Op Bank

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Bailout Fears For Britain's Co-Op Bank
AIRED:
British banks are back in the spotlight. CEO of The Co-operative Bank Barry Tootell stepped down following a downgrade from Moody's - who said the local bank's balance sheet leaves them vulnerable to losses. Industry sources say Co-op's shortfall could be up to 750 million pounds. That's left investors worried the Co-op might be the next to ask for help from the government. Britain's Finance Minister George Osborne say the regulators will be keeping a close eye on the Co-op's future plans.moreless
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