The Co-operative bank agrees in principle to buy 632 Lloyds bank branches in a shake up of the high street banking landscape…

Ethical Business Banking Coming to a Town Near You

An annoucement this morning by the Co-operative Group says that "non-binding heads of terms" have been agreed for the Co-operative Group to acquire a number of branches from Lloyds Banking Group (LBG) including former TSB and Cheltenham & Gloucester (C&G) brands. This means that there will be a new force in banking on the high street with nearly 1,000 branches and offering consumers, domestic and business alike, another option of where to take their business. Switching banks has become a hot topic in recent weeks as a number of high profile scandals have rocked Britain’s banks – The failure of IT systems at RBS, NatWest and Ulster Bank, was the first, followed by the LIBOR scandal at Barclays and, this week, HSBC were implicated in money-laundering allegations... »