Co-op Bank secures rescue deal with creditors

The Co-operative Bank is set to give details of its rescue plan later after securing a deal over the weekend, the BBC has learned. The deal will see creditors to the group - led by a half dozen hedge funds - end up with 70% of shares in the bank, leaving Co-op Group with 30%. via Pocket http://www.bbc.co.uk/news/business-24799513#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa