The Co-Operative Bank has announced that it has scrapped its sale plans however remain hopeful that talks with investors regarding boosting capital will remain ongoing. The bank, which was put up for sale at the start of the year, is currently understood to have £800m of liabilities from the Britannia building society scheme it acquired in 2009, as well as a share of £8bn of liabilities from the Co-op Group’s scheme. The bank noted that it is in advanced discussions with investors on a prospective equity capital raise and recapitalisation proposal, which it said “would enable the bank to meet the longer term capital requirements applicable to all UK banks… and to continue as a stand-alone entity. The proposal would also safeguard the Bank’s values and ethics.”