Co-operative Bank

Paul Flowers betrayed his long-time friend so he could squander cash on holidays and drugs.

The Co-op Bank will officially become a subsidiary of Coventry Building Society on 1 January.

Coventry Building Society is acquiring of The Co-operative Bank for £780m.

The bank is trying to resolve the glitch after payments were debited twice from some business accounts.

The charity faced closure after losing £45,000, but its bank has agreed to refund the money.

The two lenders agree terms on a takeover deal that could be worth up to £780m.

Paul Flowers is accused of committing fraud by abusing his position and failed to attend court.