Are You Banking With The Co-operative Bank?

If so you may have missed the important announcement that Lord Myners has been invited onto the Board. This is the same Lord Myners who approved a pension pot of GBP17 million for Fred (the Shred) Goodwin when he was forced out of RBS and merely shrugged his shoulders when he was told that he had been misled and that level of pension payment was NOT part of Fred's contractual entitlement. My Mrs is a Co-operative Bank customer - until tomorrow - and it might be prudent for any of our Forum members who are with the bank to reconsider their position. With the Rev Flowers debacle and now the appointment of Lord Myners (unless they appoint somebody to supervise his activities?) it means that the bank is probably in line for a HUGE fall and account holders (in the same way Co-operative bond holders are) will be required to pay for it.