Co-operatives are businesses owned by their workers or customers, who share the profits. An example of co-operative in the UK is Co-operative bank.
Is the Co-operative bank owned by its customers?
I checked wiki, it says the co-operative bank is a public limited company. I thought there is a difference between a limited company and a co-operative as to ownership and control. So can a company be both? And is the co-operative bank an example?
The cooperative group is a part owner of the Cooperative bank.The cooperative group basically is the owner of shares in the Cooperative bank which is a plc.