Home > Uncategorized > Co op. A lost opportunity

Co op. A lost opportunity

Co op bank is all but finished and this piece gives a good summary of the whys and wherefores. Being the news outlet that it is, the concentration is on the Co op banks vaunted “ethical” stance. Nothing wrong with that but he is slightly mistaken in suggesting that was the banks only defining feature

Co op made quite a big play for SME clients. Unfortunately the troubles overwhelmed them before results filtered through but it was a serious gap in the market poorly served by the major players.

They also had some very decent staff that I was lucky enough to meet but their biggest failing in this area was to not have an invoice finance offering.

In fact that was baffling

 

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