Co-op could write-down £200m of IT investments if Lloyds acquisition goes through

Sooraj Shah
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IT system would be rendered defunct if it takes over 632 Lloyds branches

The Co-operative Bank could write-down up to £200m of IT investments if it finalises a proposed acquisition of 632 Lloyds Banking Group (LBG) branches. The Co-op Bank's annual profits could be impacted...

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