TSB CEO and executive committee forgo bonuses
TSB has today announced that its CEO, Debbie Crosbie, and the bank’s executive committee are voluntarily giving up their bonus awards for 2020 amidst the economic uncertainty of coronavirus crisis.
TSB said that throughout the last month, TSB has been taking action to support businesses and individuals facing financial difficulty as a result of COVID-19.
According to the bank, TSB has helped over 35,000 customers in response to COVID-19 through mortgage and personal loan repayment holidays, as well as providing help to those in financial difficulty through interest freezes, fee refunds and overdraft provisions.
TSB’s employees have been working across the country and in TSB’s customer support centres to ensure that customers have the information and help they need as they seek to sort their money matters.
Debbie Crosbie said: “Every one of us at TSB is doing everything we can to support customers through this difficult time. I’m very proud of the efforts and dedication by teams across the business and the extraordinary lengths many have gone to help our customers, particularly those most in need. As an Executive Committee, it is right to give up these awards, so that we are better able to recognise the work our colleagues on the front line are doing to help customers.”