Stock Market News
TSB execs to face grilling from Treasury select committee
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.
Chief executive Paul Pester and chairman Richard Meddings have been summoned to appear before the cross party group, along with a yet-to-be named representative from TSB's Spanish parent company Sabadell.
The fiasco has dragged into its second week and committee chair Nicky Morgan on Monday published an exchange of letters with Pester.
Morgan wrote to Pester on April 24 to find out what has gone wrong, the extent of the failure, and how TSB intends to compensate customers who have suffered a breach of potentially highly-sensitive personal data.
In his response, Pester said TSB was working "around the clock to put things right for our customers", adding that no customer would be out of pocket as a result of the bank's failures.
Morgan said her committee was "extremely concerned by the problems at TSB".
"It's been reported that services such as online banking have been down for some TSB customers for over a week. Many individuals and businesses will have made arrangements for the planned outage, but not for the additional time that the systems have been unavailable," she said in a statement.
"We will take evidence from TSB and Sabadell representatives to find out how they got into this mess, who is responsible, and how they are putting it right."
Chief executive Paul Pester and chairman Richard Meddings have been summoned to appear before the cross party group, along with a yet-to-be named representative from TSB's Spanish parent company Sabadell.
The fiasco has dragged into its second week and committee chair Nicky Morgan on Monday published an exchange of letters with Pester.
Morgan wrote to Pester on April 24 to find out what has gone wrong, the extent of the failure, and how TSB intends to compensate customers who have suffered a breach of potentially highly-sensitive personal data.
In his response, Pester said TSB was working "around the clock to put things right for our customers", adding that no customer would be out of pocket as a result of the bank's failures.
Morgan said her committee was "extremely concerned by the problems at TSB".
"It's been reported that services such as online banking have been down for some TSB customers for over a week. Many individuals and businesses will have made arrangements for the planned outage, but not for the additional time that the systems have been unavailable," she said in a statement.
"We will take evidence from TSB and Sabadell representatives to find out how they got into this mess, who is responsible, and how they are putting it right."
Related share prices |
---|
SABMiller (SAB) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price