Co-Operative Group Ltd. former Chief Executive Officer Peter Marks defended his role in the acquisition of Britannia Building Society and the pursuit of Lloyds Banking Group Plc branches amid criticism from lawmakers.
Co-Operative Bank Plc’s former chief executive officer, Neville Richardson, said the lender’s owner ignored his warning about the “disastrous” consequences of buying 632 branches from Lloyds Banking Group Plc.
Co-Operative Group Ltd. Chief Executive Officer Peter Marks said there are “very material regulatory issues” to its proposed purchase of branches from Lloyds Banking Group Plc, fueling concern the deal may collapse.
Edith O’Brien, the MF Global Holdings Ltd. assistant treasurer who has become a key figure in tracing the disappearance of as much as $1.6 billion in customer funds, declined to answer questions from House lawmakers.
Co-Operative Bank Plc, a customer- owned British lender, said it still intends to buy branches from Lloyds Banking Group Plc even as it reported a loss on surging loan impairments and weaker capital levels.
Micromet Inc. , a 17-year-old biotechnology company with no medicines on the market, is attracting attention from product-hungry drugmakers. The lure: a technology for fighting cancer without using toxic chemicals.
Co-operative Group Ltd., a mutually owned U.K. food retailer and financial company, is introducing an ethical operating plan that it hopes will set new standards for corporate responsibility on carbon reduction, fair trade and community involvement, the Guardian reported, citing Chief Executive Officer Peter Marks.