Report Tools

The Co-operative Bank: How alternative banks are profiting from the loss of trust in the big four

Published: January 2013 · Publisher: MarketLine
The Co-operative Bank and other ethical non-shareholder banking organizations have been gaining strength in the UK. The trusted reputation of the large banks such as Barclays, HSBC, Lloyds, and RBS has been damaged significantly by the negat
Report Type Case Studies
Language English
Format Electronic (PDF)
Pages17
Frequency Updated Annually
Availability Will be emailed within 1 business day
Reference No. 0109-2794
Price € 369,00
Options
  • Description
  • Table of Contents
  • Ask a Question
Introduction

The Co-operative Bank and other ethical non-shareholder banking organizations have been gaining strength in the UK. The trusted reputation of the large banks such as Barclays, HSBC, Lloyds, and RBS has been damaged significantly by the negative news stories they are connected with and ultimately the current instability that surrounds them.

Features and benefits

* The publisher's Case Studies describe topics such as innovative products, business models, and significant company acquisitions.
* Fact-based and presented in an accessible style, they explain the rationale of commercial decisions and illustrate wider market and economic trends.

Highlights

The Co-operative Group was founded in 1844 and operates as a consumer co-operative organization where profits are shared mutually between members. The company is involved in a number of different business areas including banking, pharmacies, food, and funeral care.
The bank has a very specific ethical policy which sets it out as different from other banks in the UK as it only deals in business areas that it deems to be ethically sound. This policy extends to its sustainability operations and the company has funded some major projects devoted to green power and environmental protection.
The UK banking industry is currently in crisis as the major banks have suffered a loss of reputation and credibility due to the numerous banking scandals since the beginning of the recession period. This has led to distrust among consumers.

Your key questions answered

* How has the Co-operative grown?
* Why is the Co-operative Bank now in the ascendancy?
* Which are the bank's main rivals?
* How is the banking sector operating as a whole?
Copyright © FriedlNet. You may share using our tools Please don't cut content from FriedlNet and redistribute by email or post to the web.
OVERVIEW
Catalyst
Summary
THE CO-OPERATIVE GROUP
The Co-operative Group began as a retail co-op in 1844
Now highly diversified, it retains its co-operative structure
The banking division will soon expand its network through its acquisition of Lloyds TSB branches
ETHICAL POLICY
The Co-operative Group has very specific ethical principles
The group turns down business that it considers unethical
The group and bank run a number of nationwide environmental campaigns
STATE OF THE BANKING INDUSTRY
The banking industry has been hit by scandal
The “big four” have suffered a major loss of reputation
Alternative financial institutions are growing stronger
The Co-operative’s NOMA project is a sign of intent
MOVE YOUR MONEY ALTERNATIVES
Building societies
Charity Bank
Credit unions
Funding organizations
CONCLUSIONS
There are opportunities developing for new players
The UK wants a challenger bank
There are, however, problems to negotiate
The Co-operative Bank could be reliant on an ethical trend
The Co-operative Bank was involved in the PPI scandal
APPENDIX
Sources
Further Reading
Ask the analyst
About the publisher
Disclaimer
Copyright © FriedlNet. You may share using our tools Please don't cut content from FriedlNet and redistribute by email or post to the web.