Co-op Group announces £2.5bn losses
17 April 2014 Last updated at 23:22 BST
The boss of the Co-operative Group says it has been the "most disastrous year in the group's 150 year history" after announcing annual losses of £2.5bn.
Most of the losses are a result of the crisis that engulfed the Co-op's banking arm.
The huge losses could mean job cuts, but the Co-op says that is a last resort.
Kamal Ahmed reports.