Co-operative Bank

'Lack of integrity'

Financial services has witnessed a number of famous apologies over the years linked to fraud, rogue trading, and even train fare dodging. Investment Week remembers the most notable, and the ones which never were.

The Bank of England is planning to put the emerging market exposure of UK banks under scrutiny in the next round of stress tests.

Lloyds and Royal Bank of Scotland have fallen short in Bank of England tests to determine their resilience in the event of a new financial crisis, while the Co-operative Bank has been ordered to submit a new capital plan.

FCA executive and director of supervision Clive Adamson is to leave the organisation within months, according to reports.

The Co-operative Bank has received a £100m cash injection from its former parent as part of attempts to fill a £1.5bn black hole.

Banks caught mis-selling interest rate hedging products (IRHPs) have so far paid £1.1bn in compensation to customers, the Financial Conduct Authority has revealed.

The Co-operative group has reported a record loss of £2.5bn after a "disastrous year" during which its banking division and the wider group came close to collapse.

The Co-operative Group is expected to announce pre-tax losses of between £2bn-£2.5bn this week as its financial woes continue.

Lord Myners has announced his shock resignation from the board of the Co-op Group, leaving the mutual in the middle of a review into its future.