Enter multiple symbols separated by commas

Co-operative Bank warns more job losses to come

Paul Thomas | Bloomberg via Getty Images

Britain's Co-Operative Bank said it expected to make further job cuts having already reduced its staff numbers by 21 percent - or about 1,560 workers - in the past year as it looks to slash costs following a painful restructuring.

Read MoreCo-op Bank to raise another $678M in new share issue

"A large proportion of our cost is in people and, consequently, we will continue to see job reductions. There have been one or two redundancy programmes and I believe there will be one or two more in that respect," Chief Executive Niall Booker told reporters on a conference call.

Britain's seventh biggest lender came close to collapse last year after a 1.5 billion pound capital shortfall was exposed. It employs 5,860.

Follow us on Twitter: @CNBCWorld

Contact Banks


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.