Analysts at Barclays said that in a worst case scenario or ‘stressed case’ the Co-operative Bank may need to plug a £1.8bn hole in its capital finances.
The analysts said a shortfall of £800m was a ‘base estimate’, and the losses from property loans were mainly inherited from Britannia Building Society when it merged with the Co-op Bank in 2009.
Moody’s downgraded the Co-op Bank’s credit rating to ‘junk’ last week.
Guardian 23
Analysts at Barclays said that in a worst case scenario or ‘stressed case’ the Co-operative Bank may need to plug a £1.8bn hole in its capital finances.The analysts said a shortfall of £800m was a ‘base estimate’, and the losses from property loans were mainly inherited from Britannia Building Society when it merged with the Co-op Bank in 2009.Moody’s downgraded the Co-op Bank’s credit rating to ‘junk’ last week.Guardian 23
