RBS IT glitch will cost bank £125m

Sooraj Shah
clock

IT failures left a 'significant blot' on reputation, says RBS chief

The IT glitch that affected NatWest, Ulster Bank and Royal Bank of Scotland (RBS) will cost the RBS Group £125m, the firm has revealed. In its half-year report, RBS said that it had to provision...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Case study: How Waverton became a cloud-first asset manager

Cloud Computing

Close ties with a vendor partner eased the process

clock 05 October 2023 • 4 min read
Interview: NatWest Bank, Digital Technology Leaders Awards finalist

Leadership

"Our main opportunities are to decrease the action-intention gap for our users by making their supplier decision journey and finance journey a lot simpler."

clock 02 July 2023 • 4 min read
"I've turned passion into a career" -  Declan O'Gorman, NatWest Group

Careers and Skills

Declan O’Gorman, Head of Enterprise Engineering at NatWest, here speaks about his drive to recognise the importance of diverse experiences, ideas and approaches.

clock 09 November 2022 • 2 min read

More on Corporate

Stability AI cutting staff in the name of restructuring

Stability AI cutting staff in the name of restructuring

Following the departure of CEO Emad Mostaque, UK AI unicorn is shedding employees

Muskan Arora
clock 19 April 2024 • 1 min read
More layoffs at Google, as company fires protesters

More layoffs at Google, as company fires protesters

28 terminated over Israel protest

John Leonard
clock 18 April 2024 • 1 min read
Broadcom tinkers with VMware licencing terms as EU gets involved

Broadcom tinkers with VMware licencing terms as EU gets involved

Trade groups concerned over unilateral changes to licencing conditions

clock 16 April 2024 • 3 min read