Britain's Co-operative bank for sale amid capital concerns

Markets Associated Press

  • Pedestrians walk past a branch of the Co-operative Bank in London, Monday, Feb. 13, 2017. Britain's Co-operative Bank is putting itself up for sale as it struggles to meet capital requirements designed to ensure financial institutions can survive hard times. (AP Photo/Alastair Grant)

    Pedestrians walk past a branch of the Co-operative Bank in London, Monday, Feb. 13, 2017. Britain's Co-operative Bank is putting itself up for sale as it struggles to meet capital requirements designed to ensure financial institutions can survive ... hard times. (AP Photo/Alastair Grant) (The Associated Press)

  • A woman enters a of a branch of the Co-operative Bank in London, Monday, Feb. 13, 2017. Britain's Co-operative Bank is putting itself up for sale as it struggles to meet capital requirements designed to ensure financial institutions can survive hard times. (AP Photo/Alastair Grant)

    A woman enters a of a branch of the Co-operative Bank in London, Monday, Feb. 13, 2017. Britain's Co-operative Bank is putting itself up for sale as it struggles to meet capital requirements designed to ensure financial institutions can survive hard ... times. (AP Photo/Alastair Grant) (The Associated Press)

  • Pedestrians walk past a branch of the Co-operative Bank in London, Monday, Feb. 13, 2017. Britain's Co-operative Bank is putting itself up for sale as it struggles to meet capital requirements designed to ensure financial institutions can survive hard times. (AP Photo/Alastair Grant)

    Pedestrians walk past a branch of the Co-operative Bank in London, Monday, Feb. 13, 2017. Britain's Co-operative Bank is putting itself up for sale as it struggles to meet capital requirements designed to ensure financial institutions can survive ... hard times. (AP Photo/Alastair Grant) (The Associated Press)

Britain's Co-operative Bank is putting itself up for sale as it struggles to meet capital requirements designed to ensure financial institutions can survive hard times.

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The lender says it is seeking buyers and considering other options to increase capital, a process that has been hampered by low interest rates and higher-than-expected costs of correcting past problems.

The Co-op Bank, which traces its roots to 1872, is controlled by a group of hedge funds that helped save it from collapse in 2013.

The bank said Monday that a sale was "always considered a potential outcome of the turnaround plan."

Bank of England regulators says they welcome the Co-op's action and will "continue to assess the bank's progress in building greater financial resilience over the coming months."