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British bank TSB fined for botched IT migration

By Tom Wilson and Jesús Aguado

Dec 21 2022 8:43AM

Settles in exchange for discount.

British bank TSB fined for botched IT migration

British lender TSB has been fined 48.65 million pounds (A$88.76 million) over a botched IT platform migration in 2018, UK regulators said. The IT upgrade "immediately experienced technical failures", the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) said, ...

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