Councils face ‘months of chaos’ following Co-op banking crisis

By MJ Correspondent | 10 April 2014

Dozens of councils that banked with the Co-op are facing months of upheaval and additional costs while they re-tender their banking contracts.

The Co-op announced last year that it would stop providing banking services to its local authority clients to focus its attention on individual and small- to medium-sized business customers.

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