FILE PHOTO: Signs are seen outside of a branch of TSB bank in London May 27, 2014. REUTERS/Neil Hall
LONDON/MADRID (Reuters) -British lender TSB has been fined 48.65 million pounds ($59.1 million) over a botched IT platform migration in 2018 that locked millions of its customers out of their accounts, UK regulators said on Tuesday.
The IT upgrade "immediately experienced technical failures", the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) said, resulting in "significant disruption" to TSB's in-person, online and phone banking services.
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