The Co-operative Bank - Wolverhampton
1-2 Dudley St, Wolverhampton WV1 3EN, United Kingdom
3.4
14 reviews
8 comments
HVPF+82 Wolverhampton, United Kingdom
Location reporting
Claim this location
Monday: 9–16
Tuesday: 9–16
Wedneasday: 9–16
Thursday: 9–16
Friday: 9–16
Saturday: Close
Sunday: Close
Tuesday: 9–16
Wedneasday: 9–16
Thursday: 9–16
Friday: 9–16
Saturday: Close
Sunday: Close
The reason I switched banks is because the core concept of the Co-op is not being like other banks, doing a lot of community work and ultimately acting more ethically. They hired a non-expert, in fact someone from outside the banking profession as a CEO - it didn't go well. They endangered the stability of the bank by trying to buy hundreds of new branches (its a tiny bank - where did they get that money from? Debt. In uncertain times, that's probably not a good idea. I don't want to wake up to a co-op localised banking crisis due to mismanagement). And they broke their ethical policy. I believe there should be some penalty for companies acting so irresponsibly and breaking such promises, so I left.
It's a shame really, they do put a lot of money into community projects, however when the board hired such a man as CEO, even though he's been removed, the board haven't. What's to stop similar things happening again?
PS: At 16:23 on the second day the phone was answered!!
PPS: Dan thinks a 2 day wait is a good thing? Just for clarity, I was ringing the branch NOT the other number on the website.