A sale of the bank was previously on the cards back in 2020 but talks broke down. Sources said the company was also considering options including mergers, acquisitions and an initial public offering.
The Co-operative Bank is considering putting itself up for sale, sources say.
The proposal is one of a number of options under review for the firm's future after it called in advisers at PJT Partners and Fenchurch Advisory. The high street bank is also exploring mergers, acquisitions, and an initial public offering , people familiar with the matter told news agency Reuters. But it is not yet actively soliciting offers while it waits for market conditions to improve. It comes following recent jitters sparked by theA sale could come as soon as this year but deliberations are still said to be in an early stage.
Potential suitors include OneSavings Bank, FirstRand's Aldermore, Paragon and private-equity-backed Shawbrook.
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