Cooperative Bank Posts 2014 Loss

Cooperative Bank PLC reported a narrower net loss for 2014. The British bank posted a net loss for the year of 226.6 million pounds ($337.23 million), versus a year-ago loss of GBP778.2 million. Its net interest income climbed to GBP345 million from GBP314.9 million. The bank posted a pretax loss of GBP264.2 million, from a year-earlier loss of GBP632.8 million. At the end of last year, its common equity tier 1 ratio widened to 13%, from 7.2% at the end of 2013.