Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Co-op Bank to pick new City advisers

Investment advisers

The beleaguered Co-operative Bank will this week pick new City advisers to negotiate a restructuring deal with its investors as hopes of an outright sale of the company diminish.

Sky News has learnt that the Co-op Bank is to hire investment bankers to help thrash out an agreement with a group of US hedge funds, which hold big equity stakes in the lender as well as large chunks of its debt.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.