Co-op bank

[Paddy]

I spent 20 years withdrawing money from the Coop Bank and then paying it back in again only to find out they did not pay the dividend.

[SueEllen]

Seems they can't keep their banking app up

https://www.theguardian.com/money/20...gain-and-again

Customers are threatening to quit the Co-operative Bank after its mobile app stopped working for three Fridays in a row – it was down for the whole of last weekend – and then went down again within hours of the bank declaring it was fixed.
The latest incident, which left thousands of customers effectively locked out of their accounts for about 48 hours, has, it seems, proved the final straw for some.

Customers – some of more than 20 years’ standing – have been queueing up on the bank’s Facebook page and other social media sites to declare they have run out of patience and will be switching to another bank.


Meanwhile at Metrobank shareholders are revolting-
https://www.theguardian.com/business...for-top-bosses

Metro Bank is at risk of a shareholder rebellion over executive pay, after an influential investor advisory firm said the high street lender had failed to justify a “significant” 20% salary hike for top bosses.

Glass Lewis – which helps shareholders including large pension funds and asset managers decide how to vote at annual general meetings – urged investors to vote against the bank’s remuneration report amid concerns over rising payouts for the chief executive, Daniel Frumkin, and the newly joined chief financial officer, James Hopkinson.

“Absent a sufficiently compelling rationale, we cannot recommend that shareholders support this proposal at this time,” Glass Lewis said.