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Customers clinch victory as Co-op Bank recognises ethics campaign

Customer union’s 1,200 members vow to protect rescued bank’s ethical policies

The Co-operative Bank has agreed to formally recognise a customer “union” which aims to protect the bank’s ethical policies now it is owned by hedge funds.

The Customer Union for Ethical Banking said the agreement would give it influence with the Co-operative Bank’s leadership, and help the group rally support for its long-term goal of returning the lender to cooperative ownership.

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