Co-operative Bank CEO Bruce McLachlan says back office mergers can't be ruled out because it costs a lot to run a bank

Co-operative Bank CEO Bruce McLachlan says back office mergers can't be ruled out because it costs a lot to run a bank

By Gareth Vaughan

Co-operative Bank CEO Bruce McLachlan says, although it's not something his bank's currently looking at, bank back office mergers can't be ruled out over the longer-term because running a bank doesn't come cheap.

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