2013-03-13 04:54:44 - Recently published research from MarketLine, "The Co-operative Bank: How alternative banks are profiting from the loss of trust in the big four", is now available at Fast Market Research
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.
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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.
Full Report Details at
- www.fastmr.com/prod/546481_the_cooperative_bank_how_alternative_ ..
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?
Report Table of Contents:
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
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
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
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