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Co-operative Banking Group Limited (originally Co-operative Financial Services) was a UK-based banking and insurance company and a wholly owned subsidiary of The Co-operative Group. Established in 2002, its head office was located at the CIS Tower, Miller Street, Manchester.

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  • The Co-operative Banking Group (en)
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  • Co-operative Banking Group Limited (originally Co-operative Financial Services) was a UK-based banking and insurance company and a wholly owned subsidiary of The Co-operative Group. Established in 2002, its head office was located at the CIS Tower, Miller Street, Manchester. (en)
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name
  • Co-operative Banking Group (en)
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  • http://commons.wikimedia.org/wiki/Special:FilePath/Co-operative_Banking_Group.png
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defunct
industry
key people
  • Richard Pym (en)
  • Niall Booker( ) (en)
location city
location country
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  • Co-operative Banking Group.png (en)
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parent
predecessor
  • CIS (en)
products
  • Banking and Insurance (en)
revenue
  • GBP 1,116.7 million (en)
type
  • Limited company owned by a consumer co-operative (en)
has abstract
  • Co-operative Banking Group Limited (originally Co-operative Financial Services) was a UK-based banking and insurance company and a wholly owned subsidiary of The Co-operative Group. Established in 2002, its head office was located at the CIS Tower, Miller Street, Manchester. It was mainly known through its two main subsidiaries: The Co-operative Bank (incorporating Smile, the first full internet bank in the UK) and The Co-operative Insurance. Co-operative Financial Services was formed as a holding company to bring these financial subsidiaries together under one umbrella society and to enable synergies between the businesses to be exploited. Following the Co-operative Bank's financial crisis in 2013, the group sold a majority of shares in the business, retaining a 20% stake. As a result, the group was reorganised, and the banking group structure was discontinued. (en)
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