Cameron Uses Co-Op Bank Probe to Turn Scrutiny on Labour
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U.K. Prime Minister David Cameron is trying to use the promise of a probe into Co-Operative Bank Plc to deflect criticism of the government’s supervision of the lender and score points off the opposition Labour Party.
The government will set out the details of the investigation into the bank in the coming days, Cameron’s spokesman, Jean-Christophe Gray, told reporters in London today, without giving any specifics. Co-Operative Bank’s creditors are poised to take control of the lender under plans to plug a 1.5 billion-pound ($2.4 billion) capital shortfall.