29 August 2013 Last updated at 02:17 ET
The Co-operative Group has reported heavy losses as a result of a huge write-down of assets at its troubled banking arm.
The group lost £559m in the first half of the year, having written off £496m of bad loans at Co-op Bank.
The bad loans relate mostly to Britannia Building Society, which merged with Co-op Bank in 2009.
The bank also faces a £1.5bn capital hole in its balance sheet.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23876218#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
