Co-op Bank unveils rescue plan to tackle the £1.5bn hole
The Co-operative Bank has unveiled a rescue plan to tackle the £1.5bn hole in its balance sheet.
Most of the capital to be used to plug the hole will come through a "bail in" - a process where bond holders will be offered shares in the bank.
The deal will result in a stock market listing for the bank.
Robert Peston reports.
- BBC News