Co-operative Bank CEO Coleman resigns

Reuters from London reports that the Chief Executive of Co-operative Bank has resigned after less than 18 months during which he oversaw its rescue.

Liam Coleman oversaw a restructuring and recapitalisation plan with U.S. hedge fund creditors last June, after the Co-operative Bank’s capital base fell to levels which were unacceptable to regulators.

Coleman will remain with the Co-operative Bank during the search for a successor, it said in a statement on Thursday.

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