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Co-operative Banking Group Limited (formerly Co-operative Financial Services) was a UK-based banking and insurance company and a wholly owned subsidiary of The Co-operative Group.〔Registered in England and Wales under the Companies Act 1985, No. IP29379R〕 Established in 2002; its head office was located at the former CIS Tower known as Miller Street, Manchester. It was mainly known through its two main subsidiaries: The Co-operative Bank (incorporating Smile, the first full internet bank in the UK) and The Co-operative Insurance. Co-operative Financial Services was formed as a holding company to bring these financial subsidiaries together under one umbrella society and to enable synergies between the businesses to be exploited. Following the Co-operative Bank's financial crisis in 2013, the group sold a majority of shares in the business, eventually retaining a 30% stake. As a result, the group was reorganised, and the banking group structure was discontinued. ==History== In 2007, the Group agreed to outsource its information systems to Xansa (now Steria). In 2008, Co-operative Financial Services was Business in the Community's Company of the Year, having been recognised at their Awards for Excellence gala dinner for making sustainable development a top priority in how it operates and in the products and services offered to its customers. They also won an Impact on Society Award, given to companies that are improving their business and their overall impact on society in the marketplace, the workplace, the environment and the community, through leadership and integration of its corporate responsibility practices.〔(Company of the Year 2008 ) Business in the Community (retrieved 2 February 2009)〕 On 21 January 2009, Co-operative Financial Services and Britannia Building Society proposed a merger, with the new 'super-mutual' being brought under the stewardship of The Co-operative Group.〔(Britannia and Co-op are to merge ) BBC News, 21 January 2009 09:46 GMT〕 On 29 April 2009 the merger, the first under the so-called Butterfill Act, was agreed by Britannia members. On 1 August 2009 Britannia Building Society was legally dissolved and Neville Richardson, its last Chief Executive, became Chief Executive of the enlarged CFS.〔(Merger Creates Powerful Force in Financial Services ) Britannia Media Centre, 3 August 2009〕〔(New-look CFS ready to take on the banks ) Co-operative News, 4 August 2009〕 As of June 2011, Co-operative Financial Services was reported to be close to appointing Credit Suisse to advise it on a potential bid for the 600+ branches, and a large chunk of mortgage business, that Lloyds Banking Group was ordered to sell by the European Commission.〔Lloyds prepares to axe another 15,000 jobs, ''The Sunday Times'', 12 June 2011〕 In July 2011, the chief executive Neville Richardson was replaced by Barry Tootell, who became acting chief executive of Co-operative Financial Services. Peter Marks, chief executive of Co-operative Financial Services' parent company The Co-operative Group cited Neville's desire to step down as the reason for the change.〔http://www.co-operative.coop/corporate/Press/Press-releases/CFS/Neville-Richardson-to-leave-Co-operative-Financial-Services/ Co-operative News, 22 July 2011〕 In September 2011, Co-operative Financial Services Limited became the Co-operative Banking Group. In December 2011 Lloyds Banking Group announced that Co-operative Banking Group was its preferred bidder for the assets which it was selling to comply with EU competition regulations, and that the two parties would be entering into exclusive talks. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「The Co-operative Banking Group」の詳細全文を読む スポンサード リンク
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