The Latest Breaking News from PRA

TSB fined £48.7m over 2018 IT meltdown that left customers unable to access services

FCA said bank 'failed to plan for the IT migration properly' - TSB apologises again

Insider UK · Dec 20, 2022

TSB Bank fined nearly £50m after botched computer upgrade in 2018

The bank was attempting to switch over to a new IT system but the transfer went wrong. Regulators said there were "widespread" issues in how it handled customer data.

Wales Online · Dec 20, 2022

TSB fined £48m over IT migration meltdown; UK house prices ‘could fall 5%’ in 2023 soft landing – as it happened

Nationwide says a ‘relatively soft landing’ in housing market is possible, while TSB is penalised for operational failings over botched move to new IT platform in 2018

The Guardian - UK · Dec 20, 2022

WRU and Welsh regional issues suck the life out of fans just weeks before season

Weeks out from the start of the season, uncertainty continues in Welsh rugby

Wales Online · Aug 9, 2022

BoE asks financial firms for £24m more to keep track of risks from crypto assets

Levy increase needed to hire 100 extra staff in response to ‘new policy responsibilities’, says regulator body

The Guardian - UK · Apr 20, 2022

London Metal Exchange faces FCA and Bank of England investigation over nickel market shutdown

The LME suspended nickel trading on the morning of March 8 after Russia’s invasion of Ukraine resulted in ‘disorderly’ price moves

Evening Standard · Apr 4, 2022