TSB chief executive to lose bonus linked to computer system migration – Reuters Politics


LONDON (Reuters) – The Chief Executive of British lender TSB, Paul Pester, will not receive a bonus that he was due and which was linked to the bank’s botched computer system migration, TSB’s chairman Richard Meddings told lawmakers on Wednesday.

FILE PHOTO: A sign is displayed outside a branch of the TSB bank in central London March 12, 2015. REUTERS/Neil Hall/File Photo

A systems migration at TSB over the weekend of April 21-22 left up to 1.9 million customers unable to access their accounts, with many complaining they could not pay vital bills.

Customers were still complaining on Wednesday, more than a week later.

Reporting By Emma Rumney and Lawrence White, editing by Silvia Aloisi



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