Banking and Insurance

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Nationwide plan to buy Virgin Money divides analysts and members

The £2.9bn deal would mark an expansion for the UK mutuals sector – but some of…

Coventry Building Society agrees terms for takeover of Co-op Bank

If approved by members and regulators, the move would make Coventry the UK's third-biggest lender

Co-op Bank of Kenya tops customer satisfaction survey

The bank is one of the largest financial institutions in the region

Embezzlement crisis in Nepal’s co-ops sparks protests in the streets

Protests have been called off after ministers agreed to take action to improve regulation of the…

Co-op Bank of Kenya named African SME financier of the year

'We are encouraged by this award as a demonstration that we have listened, studied and built…

New CEO for Belgian co-op bank NewB

Vincent Biauce has worked in the banking sector for more than 20 years and will be…

Icmif Global 500 report showcases world’s largest mutual and co-op insurers

Insurers on the list collectively wrote $1.3tn in insurance premiums in 2021, an 8% increase on…

Co-ops ranked among Canada’s top 50 ‘Corporate Citizens’

Co-operators, Desjardins and Vancity were the highest ranking businesses from the banking and insurance sectors

Plans for Ugandan National Cooperative Bank in progress

The committee set up to investigate the project is made up of leading co-operators and aims…

European banking risk reforms ‘need proportionality for co-ops and other small players’

'Pragmatic and flexible approaches' should consider 'available tools, practical implications, cooperation between stakeholders, execution speed and…

New Zealand Co-operative Bank shares NZD $2.5m profit with customers

The bank reported an underlying profit of $20.6m before rebates and tax

Shaun Tarbuck to retire as ICMIF chief, with Liz Green taking the reins

Tarbuck officially steps down in November 2024 and will stay on part time in an advisory/ambassadorial…