More Bad News For Co-Op

One awkward detail for Ed Balls in the Prudential Regulatory Authority’s first report assessing British banks out yesterday. The Co-Op bank told them they currently hold £1.7 billion of core capital, though adjusted by the PRA to reflect expected future losses that figure falls to a worrying £200 million. In ratio terms the PRA advise banks to hold 7%, crucially today’s figures show the Co-Op holds a dangerously low 0.94%.

They need that £3.6 million Labour owe them more than ever. And what about Balls’ £50,000-a-year?

mdi-tag-outline Cash Labour Party
mdi-account-multiple-outline Ed Balls
mdi-timer June 21 2013 @ 13:19 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
Home Page Next Story