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The group is ceding control of the bank to bondholders, led by two US hedge funds.
The Co-operative Group is ceding control of the bank amid pressure from hedge funds as the supermarket, grocery and funeral homes business races to plug a £1.5bn capital shortfall.
Mr. Foriel-Destezet, 70, is ceding control of the company he created with Mr. Jacobs, left, in 1996 after the stock failed to advance in the last three years.
Mr. Kelly is ceding control of the daily operations of The Atlantic Monthly -- which was founded in 1857 and has published Mark Twain and Ralph Waldo Emerson, among others -- at a time of accolades for its editorial efforts.
Activists fear the sentence suggests Aung San Suu Kyi's government is ceding control of the country to the military.
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He was in prison in 1972, and was ceding control of the I.R.A. to other leaders.
The Republicans are ceding control of the Assembly and the governor's office for the first time in 10 years.
This was not — " Many locals complained that the government was ceding control of operations to BP. Admiral Thad Allen said, "Reality had no place in portions of this response".
Nationwide, several thousand businesses like Super Stop & Shop, as well as residential customers, are ceding control of their electrical systems during moments of unusually high demand.
The two finally got together, and Mr. Luckett was intrigued to discover the degree to which celebrities were ceding control of their images on Facebook.
Google's cooperation with Mozilla, however friendly, meant that it was ceding control of the Internet's vital gateway technology — and the dominant supplier of that technology is its archrival, Microsoft.
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