Campaign update: Saturday 26 October
In just two days the campaign has generated a huge amount of interest in social media and increasingly the mainstream media.
Negotiations between the hedge funds and the Co-operative Group are intense. This is demonstrated by the hedge funds’ claim today that “It is important to us that the bank maintains its unique characteristics and ethos” (Guardian). No-one trusts them of course – but we think it shows how this campaign is already having an impact.
Many people are asking how the bank could be re-mutualised. We are discussing this with experts we will, of course, keep you up to date. We would love to hear from anybody with legal or banking expertise.