LONDON, May 24 (Reuters) - Britain's Coventry Building Society will buy Co-operative Bank for 780 million pounds ($989.9 million) in cash, the two companies said in a joint statement on Friday. The ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The deal will give the building society millions of customers ...

In its discussion paper titled "Licensing of Urban Co-operative Banks", the central bank noted that while a large number of UCBs licensed during the liberalised phase of the 1990s later turned ...

The RBI has released a discussion paper on resuming licensing for new Urban Co-operative Banks, a practice paused since 2004.

British lender Co-Operative Bank said it’s in “exclusive discussions” with Coventry Building Society over a potential merger after receiving some non-binding proposals from prospective buyers. The ...

The Business Council of Co-operatives and Mutuals has released its inaugural Impact Report, “highlighting a year of progress ...

Coventry Building Society (CBC) could potentially merge with Co-operative Bank in a £780 million deal after four months of being in talks. It comes as the building society agreed to the bank’s ...