Daily Archives: Monday, 13th May, 2013
![The co-operative bank has been downgraded by Moody's](https://i1.wp.com/www.theforeignreport.com/wp-content/uploads/2013/05/co-opbank-HowardLake.jpg?resize=640%2C288)
UK: Would criminal law prevent banks taking excessive risks?
On Friday we were yet again reminded of the fragility of the UK financial sector. The Co-operative bank has had its credit rating downgraded to ‘junk’ status by credit rating’s agency Moody’s. In addition, their CEO, Barry Tootell, has resigned Read on! →