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

clock • 4 min read

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...

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