(The following statement was released by the rating agency)
LONDON, January 30 (Fitch) The Co-operative Bank PLC's
announcement that it is
unlikely to achieve capital guidance set by the UK regulator
until at least 2020
highlights the difficulty of turning around troubled UK banks,
particularly
while interest rates remain low and the economic outlook remains
uncertain,
Fitch Ratings says.
Low rates combined with often high restructuring costs are a
particular threat
to banks that are trying
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