The former boss of the Co-op was lambasted by MPs for having ‘selective amnesia' after he claimed its stricken bank is an innocent victim of the financial crash.
In a grilling by the Treasury Select Committee, Peter Marks described the near collapse of the lender and its loss of control to US hedge funds as a ‘tragedy'. But he refused to apologise, claiming he was not to blame for its downfall, according to the Daily Mail. His comments come as the Co-op's under-pressure chairman Len Wardle announced plans to quit. Marks' lack of remorse infuriated MPs on the committee who accused him of ‘catastrophic misjudgment' and being in ‘complete denial'. His appearance came the day after the funeral homes-to-supermarkets mutual announced emergency re...
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