Co-op Bank investors braced for losses as it tries to raise £750m

Bondholders warned they may be forced to step in as troubled bank attempts to find a buyer

Bondholders in the Co-operative Bank are braced to take losses as the troubled lender scrambles to find £750m to boost its financial strength.

The bank is expected to update investors as soon as this week about its attempts to find a buyer, amid speculation that it is struggling to attract an offer and that bondholders will be forced to step in.

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