Co-Operative Bank Considers Sale

Britain's Co-Operative Bank plc has said it will consider either an outright sale of its business or ask for capital from new or existing shareholders as it struggles to improve its balance sheet and return to profitability.

The U.K. lender has been struggling with its turnaround program since being rescued by hedge fund investors in 2013 and recently warned that its common tier one equity ratio would remain below 10% "over the medium term." The bank also repeated its warning of a "significant" loss in the full year ending in December.