Co-op Bank to raise extra £400m after hole discovered
24 March 2014 Last updated at 14:06 GMT
The troubled Co-op Bank says it needs to raise another £400m after the discovery of additional costs related to past misconduct.
The biggest part of the additional costs relates to PPI mis-selling and lapses in the provision of mortgages.
The bank said the discovery meant it would make a loss of £1.2bn to £1.3bn for 2013.
Simon Gompertz reports.