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.
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
In collaboration with FinTech Scotland, TSB is launching an innovation lab “TSB Labs” in Edinburgh, inviting fintech small and medium enterprises (SMEs) to work together and address relevant customer challenges.
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.
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
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
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
TSB is preparing to stop its customers from sending money to cryptocurrency trading sites such as Binance and Kraken due to concerns over high levels of fraud. According to The Times, TSB believes fraudsters are being allowed to establish e-wallets and steal money from traders due to weak security c
A museum at the site of the world's first savings bank has been spared closure by TSB following a community campaign. The bank announced in March that it would close the museum in Ruthwell, Dumfries and Galloway and transfer the contents to its Edinburgh headquarters for a special exhibition.
TSB has delivered a boost to small and medium-sized businesses (SMEs) with a new offer of 25 months’ free banking, up from six months previously. TSB’s free banking offer will give start-ups breathing space to get up and running, and help businesses that have been hit by the pandemic to
TSB has announced plans to close a museum at the site of the world's first savings bank in Ruthwell. The bank intends to transfer the contents of the Savings Bank Museum to its HQ, Henry Duncan House, in Edinburgh.
TSB is launching 19 new pop-up services in communities across Scotland to support customers with their banking needs such as making payments, getting help with products and services, and assistance with bereavements. A trial of the concept will see the first five opening this week in Alford, An