LONDON, Oct 29 (Reuters) - Co-operative Group executives raised questions over the planned acquisition by itsbanking arm of hundreds of its branches from Lloyds BankingGroup, Co-op Bank's former chief executivetold lawmakers.
"There wasn't unanimous approval at all times. There werequite rightly questions about the viability of the deal," BarryTootell told lawmakers on the Treasury Select Committee (TSC).
The TSC is examining why the deal was pursued ahead ofBritain's financial regulator identifying a 1.5 billion poundcapital shortfall at the Co-op Bank.
Lloyds (LLOY)
