LONDON (Reuters) - An independent review of the problems which led to a 1.5 billion pound ($2.5 billion) funding gap at Britain's Co-operative Bank <42TE.L> has concluded the roots of its problems lay in its 2009 takeover of the Britannia Building Society.
The report by Christopher Kelly, which was commissioned by the Co-op last year, said the bank's demise reflected a "sorry story of failings in management and governance on many levels".
Co-op Bank said it broadly accepted the report's findings.
(Reporting by Matt Scuffham, Editing by Paul Sandle)