The Co-operative Group will slash its stake in Co-op Bank after shareholders approved a £700m rescue of the lender.
Five US hedge funds bailed out the lender and will now largely own it after supplying vital funds to stave off the threat of it being wound up.
The Co-op Group's stake in the bank, which has four million customers, will be cut from 20pc to 1pc.
The Money Saving Expert founder has warned that 3.6 million UK motorists are at risk of a £1,000 DVLA fine
Passengers on service said they were abused by group on train after men got on at London Bridge
Opera star Ainhoa Arteta has spoken out following protests by locals against UK holidaymakers.
The Money Saving Expert has issued a warning to UK homeowners who have curtains hanging up in their homes - saying you could save hundreds by following his advice.
Many people have been left impressed after finding out about the 'little known' function they never knew existed
Motorists can save up to 25 percent on petrol and diesel by removing one item from their car, according to motoring experts. The item in question is a common sight on many vehicles
Gemma Atkinson has spoken about her relationship with her fiance Gorka Marquez, including having discussed them being away from each other due to work commitments.
The Good Morning Britain star said she has been unable to get through to Haringey Council for help
The Chase viewers were left in stitches after The Beast 'called a medic' for Bradley after the ITV host was left gobsmacked by a contestant's remark.
Stephanie Langley said ‘I’m glad I did it’ as paramedics tried to save him, court told
Samantha Davis, the wife of Star Wars and Harry Potter actor Warwick Davis and herself an actress, has died aged 53. Samantha co-founded the dwarfism charity Little People UK and featured in the final Harry Potter film, alongside Warwick. Warwick announced the news in a statement to the BBC, revealing she had died on 24 March.
Prince William has revealed his youngest son Prince Louis' favourite hobby ahead of his 6th birthday on Tuesday…
Concerns have been raised that people have no idea of a massive post Brexit change which could lead to delays at airports
Alice Lovegood says asking her husband to be polyamorous has improved their relationship.
The outbreak is believed to have been made worse at a festival and travellers are being warned about symptoms and how to avoid getting it
Prince Harry and his brother Prince William were said to be inseparable - but one moment six years ago at Harry's wedding their 'happiness together' reportedly changed
BBC Question Time host Fiona Bruce was forced to intervene and reprimand a Tory Cabinet Secretary after he launched a personal attack on another panellist ...
Israel’s strike on Iran on Friday morning will not come as a surprise to Western observers – but it will cause great concern in Washington and London as the region tips closer towards an all-out war.
If this Israeli attack on Iran is no more than it presently appears to be, then it is rather well modulated. If the airbase at Isfahan has been attacked - home to the 8th Tactical Air Wing of the Iranian Air Force, and not a Revolutionary Guard installation - then the Israelis are making their point against a conventional military target. It is not an enrichment plant or a reactor, but the wide-ranging nuclear research conducted there involves some 3,000 Iranian nuclear scientists.
Israel’s presumed counterstrike against Iran has proved Joe Biden and David Cameron wrong in their insistence that Israel should just “take the win”. Instead, it fought back – and yesterday Iran was trying to pretend that nothing had happened.
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