(Reuters) Britain’s Co-operative Bank reported an annual loss for 2016 of 477 million pounds ($579.79 million), a month after the struggling lender put itself up for sale after failing to meet regulatory capital requirements.”We are pleased with the interest to date and engaging with potential bidders as planned,” Chief Executive Liam Coleman said in a statement.
Co-operative bank, which reported a 610 million pound loss in 2015, has not made a profit since 2011 and has struggled to rebuild its capital position after being rescued from the brink of collapse by a group of hedge funds in 2013.
