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Co-op Bank recruits ex HSBC banker for chief exec role

The Co-operative Bank

The Co-Operative Group has recruited HSBC’s former North American chief executive to revive the fortunes of its banking operation, while the Co-op's group's CEO has conceded "there is much work to be done".

Previous banking CEO Barry Tootell stood down following a downgrade and regulatory fears on capital.

Booker departed HSBC in 2011 after 30 years at the bank, serving in both retail and corporate

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