TSB pins £330m cost on IT meltdown as it posts £115m annual loss

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As a result of TSB's well-publicised IT migration problems fraudsters got away with an awful lot of sausages
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As a result of TSB's well-publicised IT migration problems fraudsters got away with an awful lot of sausages

Botched IT platform migration costs included compensation, fraud, additional resources - and the job of CEO Paul Pester

TSB's IT meltdown in spring last year cost £330.2 million in total, according to the bank's 2018 annual results, contributing to a £101 million annual net loss. The losses would have been higher were...

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