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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.

  • 17 Jun 2013
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