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Bank charges: Co-Op faces sizeable shortfall

The shortfall of the Co-Operative bank could be up to £1.8 billion in a worst case scenario, experts at Barclays have claimed.

They calculated this on a base of £800 million, in a less stressed situation, and looked into the estimate on losses that could be received from property loans. Many of these came from Britannia building society, which the bank merged with in 2009.

Although previous predictions said that Co-Op bank could need an extra £1 billion in capital, the experts at Barclays said that in a "stressed case" this could be up to £1.8 billion.

This analysis came after the major credit agency Moody's downgraded the bank's status to junk, as it felt that it could be at risk of losses from loans.

Following the announcement, the Telegraph reported that former chief executives at the bank may be seeing their bonuses clawed back, as the company looks to take action against the management of this division.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801584924-ADNFCR

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