TSB is fined £50m over IT meltdown that left millions locked out of their accounts
TSB was given a £29.8m penalty by the FCA and an £18.9m sanction by the Bank of England's Prudential Regulation Authority.
Stay updated with breaking news from Paul Pester. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
TSB was given a £29.8m penalty by the FCA and an £18.9m sanction by the Bank of England's Prudential Regulation Authority.
TSB Bank has been slapped with fines worth £48.65m by City regulators over a botched IT upgrade in 2018 that left millions of its customers locked out of their accounts.
FCA penalises bank after millions of customers were locked out of their accounts for weeks
British regulators on Tuesday said they had fined TSB Bank £48.7 million ($59 million) over an IT upgrade that left customers unable to access services.
British regulators said they had fined TSB Bank £48.7-million over an IT upgrade that left customers unable to access services.