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This week's revelations have once again focused attention on the problems faced by the Co-op Bank. Customers at the SaveOurBank.coop campaign remain focused on the future and how to ensure the new bank puts its principles into practice.

The Proposed Articles of Association published by the Co-operative Bank on 14th November are not strong enough to withstand commercial pressures and protect the Ethical Policy of the bank, says the campaign. The Co-operative Group has claimed that the new articles and an ethics committee will ensure that the ethical stance of the bank will be protected. However, the bank’s Ethical Policy – which sets out who it will and will not do business with – is not specifically referenced in the new constitution despite previous indications by the Bank that it has been set in stone.

SaveOurBank.coop is a campaign set up by Co-operative Bank customers with the backing of Ethical Consumer magazine. It aims to ensure the new bank...

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