Jun 20, 2018 | All Members
The figures are truly staggering. If you include the £450 million Lloyds gave Sabadell to help cover the cost of transferring customers from the LBG system to Proteo4UK, the final cost of the biggest IT meltdown ever is likely to exceed £1 billion according to press...
Jun 13, 2018 | News Items
Plans are being presented to Parliament that – if approved – will require public companies with over 250 employees to disclose the difference in pay between the Chief Executive and its average worker. This difference is called the “pay-ratio”. The government says this...
Jun 6, 2018 | All Members
When you thought it couldn’t get any worse, Andrew Bailey, the Chief Executive of the Financial Conduct Authority, in an unusually strong letter, says that when giving evidence to the Treasury Committee in May, Paul Pester, Managing Director of TSB, was “portraying an...
Jun 5, 2018 | All Members
We are now into week 6 and the misery continues for TSB staff and customers with no end date in sight. The IT meltdown has gone on for so long that Paul Pester, TSB Managing Director, has been called back to give evidence in front of the Treasury Select Committee just...
May 17, 2018 | All Members
We have heard stories of fighting between staff frustrated at what they can’t do, staff bursting into tears in front of customers because they are absolutely knackered and line managers going into empty rooms to vent their anger at walls that can’t answer back....
