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Tuesday, August 5, 2025
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HomeTechBritish bank TSB fined $48.65 million pounds over IT platform migration failures

British bank TSB fined $48.65 million pounds over IT platform migration failures

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LONDON (Reuters) – British lender TSB has been fined of 48.65 million pounds ($59.07 million) over a botched IT platform migration in 2018, the Financial Conduct Authority and the Bank of England said on Tuesday.

($1 = 0.8236 pounds)

(Reporting by Tom Wilson in London and Jesus Aguado in Madrid)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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