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Provider: Reuters Investment Profile
Provider: Shared Research Inc.
Provider: Shared Research Inc.

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Co-operative Banking Group Ltd Announces Sale Of Life Insurance Business

Friday, 26 Jul 2013 02:00am EDT 

Co-operative Banking Group Ltd announced that the Prudential Regulation Authority and Financial Conduct Authority have approved the sale of its life insurance and asset management businesses to Royal London. The completion of the sale is part of Co-operative Group's plan to strengthen the Bank's capital base. Co-operative Banking Group Limited anticipates that completion of the sale to Royal London will occur on July 31, 2013. 

Company Quote

-7.0 -1.00%
12:21am EST