..............after Moody's downgrade

Lloyds and the Government-backed UKFI could be hauled in front of the Treasury Select Committee to face urgent questions over why they rubber-stamped the Co-op’s doomed deal to buy hundreds of Lloyds branches. John Mann, Labour MP and a member of the committee, accused them on Friday night of being ‘asleep on the job’, after the credit rating of the Co-op Bank was slashed to ‘junk’ status. The Co-op Bank was last night battling to reassure millions of customers it does not need a bailout from taxpayers. In a Tweet it dismissed concerns: ‘We would like to reassure customers and members that we haven’t sought nor do we need government support.’ ....Read more Here