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Companies >
Spain >
Banks >
Banco debadell >
Research >
TSB’s IT troubles: a story from the past

  • 11 Oct 2018

TSB’s IT troubles: a story from the past


Banco debadell | SAB | 0 0 0.8% | Mkt Cap: 10,227m


  • AlphaValue
    • David Grinsztajn

    • 2 pages

Banks image


 
Banks image


Contact with the company SAB confirmed that TSB’s customers haven’t experienced any troubles for several weeks. As regards the extra charges to be booked in H2 in relation to customer remediation and the solving of online issues, forecasts have been roughly doubled to £100m (of which more than 50% will be booked in Q3). The franchise has remained broadly intact with positive, albeit subdued, customer inflows in Q3 (switching-outs were back to pre-migration levels while new a ....


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