Cyber warriors – the frontline defence against digital attacks June 7, 2018 COMPUTER hacking, ransomware, data breaches, fraud: cyber crime is a bigger problem than ever, and is a concern for everyone, from the humble consumer to the largest of corporations. Cyber warfare has even emerged as the latest military battleground – attacks on government agencies have increased, and both China and Russia have been accused of [...]
Cyber warriors and digital crime – chief information officers reveal what is keeping them awake at night in new survey June 7, 2018 Computer hacking, ransomware, data breaches, fraud: cyber crime is a bigger problem than ever, and is a concern for everyone, from the humble consumer to the largest of corporations. Cyber warfare has even emerged as the latest military battleground – attacks on government agencies have increased, and both China and Russia have been accused of [...]
Britain’s big banks decline to follow Lloyds lead on bitcoin credit card bans February 5, 2018 Lloyds Banking Group has banned customers from buying bitcoin and other cryptocurrencies using credit cards, but other big British banks say they currently have no plans to clamp down on the risky assets. A wave of lenders around the world have placed restrictions on customers using debt to buy digital currencies, including JP Morgan Chase, [...]
Power 100: TSB’s Helen Rose on how she became one of the most senior women in UK retail banking October 31, 2016 The chief operating officer of TSB, Helen Rose is one of the most senior women in the UK's retail banking sector. Here, she talks overcoming impostor syndrome, gender parities, and which qualities helped her reach the top. Power 100: These are the Square Mile's most inspiring women What went through your head when you accepted your job? [...]
TSB moves to snap up £16bn Bradford & Bingley portfolio November 20, 2016 TSB has put an offer on the table for a £16bn mortgage loan portfolio which belonged to Bradford & Bingley. The government has been slowly but surely selling the assets it picked up in the fallout of the financial crisis, which includes parts of Bradford & Bingley's business. Now, the Sunday Times has reported UK [...]
Investec and Banco Sabadell are backing hot UK fintech startup Bud with £1.5m October 24, 2017 Investec and Banco Sabadell, the owner of TSB, are backing a UK fintech startup which is creating platforms to help people manage their finances. Bud has raised £1.5m from investors, led by the FTSE 250 asset manager and InnoCells, the Spanish Bank’s digital venture arm. Also participating in the early stage round is Force Over [...]
TSB waves away Brexit fears as profits and customers boosted at the challenger bank October 27, 2016 TSB has today announced a massive boost to profits for the year to date, as customers come calling despite the recent Brexit vote. The figures The challenger bank announced statutory profits before tax of £161.6m for the nine months to September, up 229.1 per cent from £49.1m for the same period the year before. Meanwhile, management profit before [...]
TSB to slash rates on Classic Plus account from next year October 12, 2016 TSB has confirmed it is cutting the interest rate on one of its top accounts. From 4 January next year, the challenger's Classic Plus account will offer a three per cent rate on balances up to £1,500, which is less generous compared with the five per cent rate on balances up to £2,000 currently offered. In [...]
Government did not force Lloyds to buy HBOS, ex-finance chief Tim Tookey tells court October 25, 2017 The government did not force Lloyds TSB to buy HBOS at the height of the financial crisis, the High Court heard today, as the first former Lloyds executive gave evidence in a £550m legal case brought by shareholders. Tim Tookey, who served as group finance director of the bank, told the court: “We were not [...]
A decade on from Northern Rock, it’s time to ask: why do we never learn from crisis? September 18, 2017 Boards and executives alike argue that each time a crisis comes along, this time it’s different. That may be so, but customers are more likely to see the latest crisis as just another example of financial services companies not getting their act together. Ten years on from the devastating run on Northern Rock in the [...]