TSB's online banking meltdown is being investigated by the Financial Conduct Authority, the regulator said on Wednesday as it revealed more than 10,000 customers had been defrauded.
Parliament's influential Treasury select committee will on Wednesday grill executives of TSB after a bungled technology upgrade left thousands of customers unable to access their accounts.
(WebFG News) - TSB's internet banking platform is back online on Wednesday after suffering a meltdown in the past few days that prevented users from logging into their accounts and allowed some to see other people's banking information.
Stocks on the Continent have started the morning mostly slightly higher as traders digest the implications of a raft of political events over the weekend and on Monday.
Catalonia-based banks Banco Sabadell and Caixabank were both considering transferring their headquarters out of the region in the wake of the current independence crisis.
European stocks are taking a breather following timid gains overnight on Wall Street and ahead of Friday's all important monthly US jobs report, although the data from the States is likely to be heavily distorted because of the impact of recent hurricanes.
Europe's main stockmarkets are mostly higher with the notable exception of Spain's Ibex 35 following the violence-marred illegal referendum held in Catalonia at the weekend as the region's leaders chose the path of provocation even after the courts had ruled it was unconstitutional.
European stocks ended the session little changed amid moderate selling pressure on Spanish stocks on the back of the latest news around the attempted independence referendum in Catalonia and ahead of the US Federal Reserve's policy decision later in the session.
European stocks are little changed amid modest pressure on Spanish stocks on the back of the latest news around the attempted independence referendum in Catalonia and ahead of the US Federal Reserve's policy decision later in the session.
Shares in Spain's banks dropped on Wednesday after the European Court of Justice ordered them to repay billions of euros on floor clauses in mortgage deals.
SABMiller shareholders on Wednesday approved a $100bn takeover offer by Anheuser-Busch InBev.
Confidence among small businesses is at a four-year low because of concerns among companies that the economy will weaken as Britain prepares to leave the European Union. A survey by the Federation of Small Businesses has revealed that confidence has fallen for the third consecutive quarter. Those who are pessimistic about their prospects outweighed those feeling optimistic for the first time since 2012. The lobby group described the study as a wake-up call for politicians to act to "avoid an economic slowdown". - The Times
Belgian brewer Anheuser-Busch InBev said on Friday that its merger with SABMiller could result in thousands of job losses.
Brewery and beverage giant SABMiller's shareholders can be treated as two classes when they vote on the £79bn takeover by rival Anheuser Busch InBev, a judge ruled on Tuesday.
Savers face five more years of record-low returns, with investors betting that the Bank of England will not undo last week's interest rate cut before the end of the decade. City traders expect Bank governor Mark Carney to slash borrowing costs again before the end of the year, the Sunday Times wrote, with interest rate markets not predicting a return to the previous 0.5% level until 2021.
Brewing giant Anheuser-Busch InBev will take the top jobs following the £79bn takeover of rival SABMiller, while up to 576 UK jobs could go.
Santander UK had made a formal offer to buy the Williams & Glyn (W&G) branches from Royal Bank of Scotland ending the bank's seven year struggle to separate from it, multiple reports claimed.
SABMiller and Molson Coors Brewing Company reported that MillerCoors' second quarter underlying net income declined 3.8% to $468.8m against the same period last year on Tuesday.
European regulators´ bank stress-test results showed that most of them had sufficient capital to withstand an adverse scenario, one of the world´s main credit rating agencies said.
The maker of Budweiser is this weekend scrambling to find enough support among SAB Miller shareholders to ensure it can buy the FTSE 100 brewer for £79bn. Anheuser-Busch InBev, which also owns Stella Artois, is attempting to reach the hundreds of investors on SAB's register - including scores of minor shareholders in South Africa, where the company was founded - to persuade them to vote in favour of the deal. - The Sunday Times