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One man and the failure that caused chaos at the high street bank …
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Bank of England fines former TSB executive over 2024 IT meltdown
Web19 hours ago · Abarca left TSB a year later, in December 2024, before joining TSB’s Spanish parent company, Sabadell, as its chief technology officer. He stepped down from Sabadell earlier this year. “Senior managers have an essential role to play in ensuring that firms manage and supervise outsourcing effectively,” said the PRA’s chief executive, Sam Woods. WebApr 14, 2024 · The former CIO at TSB Bank has been fined for his involvement in the company’s 2024 IT migration which saw customers locked out of their accounts. Carlos Abarca, who led the botched IT migration, was handed an £81,620 fine by the Prudential Regulation Authority (PRA) for failing to take “reasonable steps” to ensure that the bank ... WebAnnual Report 2024. Download Annual report here. Permanent TSB Websites crypto card apply