Tsb

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For the first half of 2023 TSB has reported a significant rise in pre-tax profits, reaching £147.9 million, a 43.7% increase compared to £102.9m in the first half of 2022. The income increase of 11% to £584.5m is mainly attributed to the higher interest rate environment, somewhat o

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Carlos Abarca, former chief information officer (CIO) at TSB Bank, has been personally fined £81,620 in an unusual move by the Bank of England's Prudential Regulation Authority (PRA) for inadequately managing an IT migration that led to massive disruptions for millions of customers.

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The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have fined TSB Bank (TSB) a total of £48,650,000 for operational risk management and governance failures, including management of outsourcing risks, relating to the bank’s IT upgrade programme. Technical

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TSB Bank plc announced its 2022 half-year results reporting a £102.9 million statutory pre-tax profit for H1. TSB's statutory pre-tax £102.9m profit increased from £42.9m for the same period in 2021. This comes during an economically challenging time for many of its customers.

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Increases in the cost of living have led to more financial difficulties with 85% of surveyed individuals having said they are worried about their personal finances and, some are expecting to save less or stop saving at all towards their short and long-term savings goals, or are cancelling or d

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The board of TSB has announced the permanent appointment of Robin Bulloch as CEO. Mr Bulloch has led TSB on an interim basis for the past four months, and prior to that was chief customer officer. He has a strong track record in retail banking spanning over four decades.

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With impersonation fraud accounting for a third (33%) of TSB fraud cases since the start of the year, TSB has revealed the most impersonated companies behind the attacks, to help households avoid prolific scams as the cost-of-living bites. TSB categorises impersonation fraud as an attack in which a

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Banking technology platform provider, BankiFi, has partnered with TSB to launch Revenu; an app, exclusive to TSB that will allow small businesses to receive quicker payments and to better manage their business finances. Revenu allows TSB’s business clients to collect customer payments from req

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TSB has announced it will close 70 branches in 2022, with nine Scottish locations set to shut up shop, as it responds to declining branch use and increasing numbers of customers switching to digital banking services. In recent years, the bank has seen a significant decrease in branch use, with the a

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