UK-based Co-operative Bank is expected to reveal a rescue strategy in the next few days.

Earlier, the Bank of England demanded from Co-op Bank that it raises about GBP 750mn in new capital.

Talks between shareholders and possible buyers are ongoing, sources say. But it is still uncertain whether and when a plan would be revealed.

Hedge fund stockholders were in great position last week to increase control over the organization by injecting funds.

Current investors led by Golden Tree Asset Management and Silver Point have offered to inject cash, and would be able to reject any alternative plan if their offer satisfied regulators.

Co-op executives are still negotiating potential buyout. Purportedly, Virgin Money has expressed interest in making the purchase.

Read more at thisismoney.co.uk.

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