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CRISIS-DOGGED Co-op Bank yesterday appeared to be paying the price for its takeover by US hedge funds after revealing that 28,000 current account customers fled in the six months to June.
Financial results showed a £75.8 million loss in the first half of the year — down on £844.6m for the same period in 2013.
Bosses confirmed plans for a further 25 branch closures and more job losses before the year is out, on top of 46 already shut.
The bank has already slashed staff by 21 per cent.
Campaigners hoping to see the return of the ex-mutual, the bulk of which was snapped up by US financiers last year in return for a cash bailout, into its members’ hands have urged customers to stay loyal but have also raised concerns about the future of its much-vaunted ethical policies.
