Co-op Bank unveils rescue deal to plug £1.5bn hole

The Co-operative Bank has unveiled a rescue plan to tackle the £1.5bn hole in its balance sheet. Most of the capital to be used to plug the hole will come through a "bail in" - a process where bond holders will be offered shares in the bank. via Pocket http://www.bbc.co.uk/news/business-22932330#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa