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Incompetence the greatest crime at Britain’s altruistic Co-op bank

The question of who is fit to run a bank has once again become a running debate in British media, politics and finance. As a gaggle of U.S. hedge funds pore over the ruins of Co-operative Bank, MPs, regulators and Co-op customers wonder how the board of such an august institution could have been led by a Methodist minister who knew nothing of finance and whose recreational activities involved illegal drugs and rent boys.