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
Most read
03

Halliburton apparently hit by major cyberattack

22 August 2024 • 2 min read
04
05

A call for concrete AI legislation in the UK

20 August 2024 • 3 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Corporate

Cisco CEO explains 7% job cuts, AI focus

Cisco CEO explains 7% job cuts, AI focus

Working to 'provide a better, unified experience for our customers and partners' says Chuck Robbins on Q4 earnings call

Wade Tyler Millward
clock 15 August 2024 • 8 min read
Cisco to cut 4,000 more jobs, report

Cisco to cut 4,000 more jobs, report

Cisco laid off a similar number of employees in February

Mark Haranas
clock 12 August 2024 • 1 min read
Asian Tech Roundup: HP's China exodus

Asian Tech Roundup: HP's China exodus

Plus: Hyundai's flying taxi trials, Infosys' tax bill and Samsung strikers hit pause

Tom Allen
clock 09 August 2024 • 5 min read