In order to cut costs, the Co-op Bank will axe 400 jobs

Last month, the lender reported a sharp fall in pre-tax profits from to £71.4m from £132.6m the year before. Staff costs rose by a fifth as the bank seeks to'simplify and transform' Bank to slash 400 jobs as part of a 'transformation' of the bank.

Co-operative Bank to axe 400 jobs in bid to cut costs. Lender says move is unrelated to takeover talks with Coventry Building Society. Bank says it is not connected to takeover of Coventry building society. Co-op says move unrelated to Coventry Bank takeover talks.

Co-op Bank to slash more than one in 10 jobs. Lender plots 400 redundancies in scramble to save money. Co-operative Bank to cut more than 1 in 10 staff jobs. Bank to axe 400 jobs in a bid to save cash and save cash.