People walk past a branch of The Co-operative Bank in London, Britain, February 13, 2017. REUTERS/Hannah McKay LONDON, Nov 5 (Reuters) - Britain's Co-op Bank is looking for more deals with rival banks after its merger approach for TSB was rebuffed last month, its chief executive said on Friday. The self-styled ethical lender reported a third straight quarter of profits, as it made further progress on its turnaround after nearly a decade of annual losses. In a sign of its improved fortunes,...

More Credit Suisse has defended a controversial financial product it devised that played a role in major global stock market losses last week. Tidjane Thiam, chief executive of the Swiss banking giant, said the risks of its exchange traded note (ETN) linked to market volatility, which collapsed in value overnight last Monday, had been “extremely clear”. Investors were left nursing billions of dollars of likely losses after the value of the product - which peaked at $2.2bn (£1.6bn) - was wiped...