For a bank which had the resources to be ethical and promoted itself as ‘ethical’ – it’s fallen short. Acquiring a load of toxic debt along with Britannia Building Society and thus far avoiding being wound up, it’s been a painful year for the mutually owned Co-Op Group.
And it’s CEO has now been cited as stating it’s “Ungovernable” (possibly whilst he slid his resignation across the boardroom table).
Can ethics be re-invented or is there little to Smile about?
Image and Article credit: Copyright SUF © 2014