Q&A: What does the Co-op Bank rescue mean for you?

Co-op Bank account holders will not be affected by the latest announcement

Thousands of bond holders in the Co-operative Bank will face losses as a result of the rescue plan announced on Monday.

In total 7,000 private individuals hold bonds, and they will lose a large proportion of their money. Many of those are pensioners, attracted by the high rates of interest that were payable on the bonds.

The bank is being restructured because of large losses it inherited when it took over the Britannia Building Society in 2009.

But the 4.7 million customers of the Co-op Bank will not be affected.

What should I do if I am a customer of the Co-op Bank?

Who will be affected?

Were these individuals warned they might lose their money?

How much money will the bondholders lose?

Pibs are issued by a number of the biggest building societies

What will bondholders get in compensation?

Will taxpayers be liable at all?

Why does the Co-op Bank need to make these changes?

Are Pibs a safe investment?