www.guardian.co.uk/money/2012/jul/20/coo...ive-bank-how-compare
Co-operative bank: how does it compare?
Brands Includes Britannia, the former building society it took over in 2009, and internet bank Smile.
Who owns them? A mutual business, owned by its six million members.
Customer service Tends to score highly. Which? ranked Co-op bank second out of 28 banks with a score of 79%. JD Power gave Co-op bank a score of 734 out of 1,000, again putting it in second place.
Market share Now: just over 2% of the current account market. When the deal goes through, this will rise to more than 7%.
Complaints 21,000 banking and insurance (including PPI) complaints in the second half of 2011.
For current accounts 342 branches, the majority under the Britannia name, but increasing to almost 1,000 with the deal. Cash machine numbers will rise from 2,500 to 3,250.
For savers Its range of fixed-term deposit accounts paying up to 4% are rated best-buys by Moneyfacts. Popular with those looking for an ethical option.
For borrowers Offering some reasonable deals on mortgages, the Co-op has committed to lend up to £360m to first-time buyers in 2012.
www.waronwant.org/attachments/Banking%20on%20Bloodshed.pdf
The new evidenceWar onWant has uncovered shows that if you bank with Barclays, Halifax Bank of Scotland, HSBC, Lloyds TSB or Royal Bank of Scotland your money is supporting the arms trade. In fact, the only UK high street bank that does not finance the industry is the Co-operative Bank.
www.shropshirestar.com/farming/farming-n...se-for-milk-farmers/
Co-op bows to pressure with 2p rise for milk farmers
The Co-op today bowed to pressure from angry dairy farmers and vowed to raise the price it pays for milk to 29p per litre from next month.
The rise will come in two stages, with an extra 2.57p per litre being added immediately, then topped up to 4.27p on August 1.
Steve Murrells, chief executive of Co-operative Food, said: “We have a track record of supporting British farmers, and we recognise the importance of ensuring a long-term, sustainable future for British dairy farmers.”
Peter Kendall, president of the National Farmers Union, welcomed the move, but said other retailers needed to follow suit.
Is this a good thing, will their policies be compromised by becoming a big high street bank? Are they the best of a bad bunch in terms of groceries, or does it not make any difference whether you shop there or Tesco? Does the fact that they operate as a co-operative count for anything?