TSB Banking Group

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Market Cap:
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52 weeks low

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TSB launches guarantee to refund victims of authorised payment fraud

Authorised push payment fraud, where a customer is tricked into authorising a payment to a criminal, cost around £354mln in 2018 and affected over 83,800 people in the UK...

on 15/4/19

TSB slumps to annual loss after spending £330mln on IT meltdown

TSB executives will forgo their bonuses for 2018 in what the bank described as its "most challenging year"...

on 1/2/19

Spanish lender Sabadell plans to sell IT crisis-hit TSB after turnaround

“The aim is that TSB enters into a process of consolidation in the future in Britain,” Sabadell’s chairman Josep Oliu said...

on 7/12/18

TSB's IT meltdown costs its Spanish owner €88mln in the third quarter

TSB’s owner, Banco Sabadell, said third quarter profits fell 37.4% to €127.2mln, largely due to the IT problems at TSB...

on 26/10/18

TSB saw over 20,000 customers ditch bank in second quarter in wake of IT meltdown, according to BACS data

As many as 1.9mln TSB customers were left unable to access their own money in April, after the bank tried to introduce a new computer system, resulting in an enquiry from the City regulator and the resignation of the bank's chief executive...

on 24/10/18

TSB boss Paul Pester finally steps down in wake of IT ‘upgrade’ fiasco

Pester has paid the price for a string of technology failures following a botched IT ‘upgrade’ in April...

on 4/9/18

TSB reports big first-half loss due to costs related to botched IT update earlier this year

The lender - which is owned by Spain’s Banco Sabadell - said it had recognised costs related to the IT outage of £176.4mln, while the update itself cost £318mln...

on 27/7/18

TSB ignored warnings IT system was not ready before disastrous switchover, says union

Staff were “teetering on the brink of collapse" and dealing with “levels of abuse never seen before" from disgruntled customers, new documents claim...

on 28/6/18

TSB to be probed by FCA over handling of the bank’s ongoing IT problems

The lender, which was bought in 2015 by Spanish bank Sabadell, had a major IT problem last month affecting its 1.9mln online customers...

on 6/6/18

TSB refused help from former owner Lloyds in IT system crash

TSB was "playing fast and loose with the customers and also with their reputation", according to Labour MP John Mann...

on 15/5/18

TSB to waive £10mln in fees to stop customers from jumping ship after IT meltdown

TSB has warned issues with its online banking system may not be fully fixed until next week ...

on 26/4/18

TSB boss apologises for IT meltdown after Treasury Select Committee demands answers

Nicky Morgan, the chair of the Treasury Committee, wrote to the TSB boss demanding answers to the IT chaos...

on 24/4/18

Financial Ombudsman intervenes in TSB internet banking crash

TSB said on Monday afternoon that it was still experiencing "intermittent issues" with its services...

on 23/4/18

Styles & Wood inks five-year deal with TSB

The deal is expected to be worth between £10mln and £15mln per year ...

on 15/12/15

Profits fall at TSB before Spanish takeover

Interim profits fell 44% to £23.2mln in the six months to June....

on 23/7/15