Martin Vander Weyer Martin Vander Weyer

Should the Co-op be preparing for its own funeral?

Plus: An outburst of dotcom common sense, and Tesco’s latest troubles

[Getty Images/iStockphoto]

‘Care, respect, clarity and reassurance’ are what the Co-operative funeral service says it offers the bereaved, and the parent Co-op Group may soon find itself in need of just such support to help it come to terms with the resolution of the Co-op Bank. ‘Resolution’ is modern banking jargon for an orderly burial, involving powers vested in the Bank of England to transfer all or part of a troubled bank’s business to a private-sector purchaser, or (if the Treasury is so inclined) into temporary public ownership, or to force an accelerated insolvency procedure that ensures depositors are either paid out...

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