Co-operative Bank puts itself up for sale in order to raise capital

[arista]

No sign its going under yet.

But they must find a Solid buyer


http://news.sky.com/story/co-op-bank-lists-itself-for-sale-in-order-to-raise-capital-10766294


"The bank, which almost
collapsed in 2013, says it needs
to raise funds in order to
meet its capital requirement."

[Kizzy]

No sign its going under yet.

But they must find a Solid buyer


http://news.sky.com/story/co-op-bank-lists-itself-for-sale-in-order-to-raise-capital-10766294


"The bank, which almost
collapsed in 2013, says it needs
to raise funds in order to
meet its capital requirement."

Is it not publicly owned the co-op, Then how is it able to in effect privatise itself?