Co-op Bank, Barclays held failed takeover talks in late 2018- The Telegraph


May 18 (Reuters) - Britain'sCo-op Bank approached Barclays Plc in November about Barclays acquiring it, but the talks did not proceed beyond the exploratory stage, the Telegraph newspaper reported late on Saturday.

The did not give financial details of the talks.

The companies did not respond immediately to a request for comment on Saturday.

For 2018, the lender's adjusted loss before tax increased to 140.7 million pounds ($178.94 million) from 140.3 million pounds in 2017.

($1 = 0.7863 pounds)

This article appears in: World Markets , Stocks , Economy , Banking and Loans , Technology

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