An update has been given to over 2.6million Co-operative Bank customers as a major takeover deal has been approved today. In an update issued to the London Stock Exchange today, the Financial Conduct Authority ( FCA ) and Bank of England’s Prudential Regulation Authority have given the green light for the Coventry Building Society's acquisition of Co-operative Bank. The takeover is set to be completed by January 1, 2025. Coventry will pay £780million for the bank, with up to £125million