The U.K.’s major banks have joined forces to protect consumers’ access to cash. A new nonprofit company called Cash Access UK has been set up by the country’s main banks and building societies to promote the development of shared banking hubs across the country. According...
Venture capital funds have gone in big on crypto, with Bloomberg writing that they’ve spent $17 billion this year already. Bloomberg notes that this amount is not only more than any other year — it’s also more than any other year on record combined. Much...
British bank TSB, on the heels of an IT disaster that saw its annual profits wiped out, recently dealt with an issue where customer payments didn’t come out on time, according to a report by the Financial Times. Some customers weren’t able to get their...
A catastrophic IT crash that affected 2 million customers at TSB and locked them out of their accounts last year was blamed on moving the banking technology to a new platform before it had been properly tested, according to a report by Reuters. The crash...
July 25, 2024
Four major U.K. banks have been accused of violating a regulator’s competition rules. The Competition and Markets Authority (CMA) says HSBC, Lloyds, TSB and AIB all breached a 2017 order created in response to competition concerns in the retail banking sector. The order requires banks to follow strict rules for informing customers about products and services, including accurately displaying interest rates for loans […]
December 19, 2022
The U.K.’s major banks have joined forces to protect consumers’ access to cash. A new nonprofit company called Cash Access UK has been set up by the country’s main banks...
June 20, 2021
Venture capital funds have gone in big on crypto, with Bloomberg writing that they’ve spent $17 billion this year already. Bloomberg notes that this amount is not only more than...
November 22, 2019
British bank TSB, on the heels of an IT disaster that saw its annual profits wiped out, recently dealt with an issue where customer payments didn’t come out on time,...
