SoylentNews

Go Pester Someone Else: TSB Ditches CEO Over Bank's IT Meltdown

posted by mrpg on Wednesday September 05 2018, @06:00AM   
from the they-still-have-clients!?! dept.

Bytram (from IRC) writes:

Go Pester someone else: TSB ditches CEO over bank's IT meltdown.

Paul Pester has been booted out of TSB's top office after months of criticism over his handling of the IT chaos that hit the bank this year – but is still expected to take away about £1.7m.

The CEO's departure follows another systems meltdown over the weekend, when a planned four-hour downtime ended up leaving some customers unable to access mobile, online or telephone services for almost two days.

However, non-executive chairman Richard Meddings, who is taking on the role of executive chairman to lead the hunt for the new boss, claimed the bank's IT systems were stable enough that this was the right time for Pester to leave.

Related: Watchdog Slams TSB Boss for Underplaying Extent of IT Meltdown

---

Original Submission

• Re:The Rule of Acronyms: Spell out the acronyms. Re:The Rule of Acronyms: Spell out the acronyms. (Score: 3, Interesting) by FatPhil on Wednesday September 05 2018, @10:57AM (4 children)

  by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Wednesday September 05 2018, @10:57AM (#730681) Homepage

  Spun out from, but formerly separate from anyway, until 1995. And now merged into some shitty Spanish bank (yes, I know that really narrows it down) - in fact it's that merger that's been the reason behind the IT meltdowns.
  
  Every UK bank is useless to the core. Those in charge need to spend the rest of their miserable lives locked up in stocks rather than investing in them, sacking's too good for them..

  --
  Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves

  Parent

  Starting Score:	1		point
  Moderation		+1
  Interesting=1, Total=1
  Extra 'Interesting' Modifier		0
  Karma-Bonus Modifier		+1
  Total Score:		3

• Re:The Rule of Acronyms: Spell out the acronyms. Re:The Rule of Acronyms: Spell out the acronyms. (Score: 0) by Anonymous Coward on Wednesday September 05 2018, @07:06PM (2 children)

  by Anonymous Coward on Wednesday September 05 2018, @07:06PM (#730903)

  ok so what's tsb? i thought it was our buzzard guy at first but then realized the letters were wrong.

  if I read only the comments that are displayed to me, no one has said what TSB is. you'd think someone would upmod the guy with the answer but that's not what we are getting.

  Parent

  • Re:The Rule of Acronyms: Spell out the acronyms. Re:The Rule of Acronyms: Spell out the acronyms. (Score: 0) by Anonymous Coward on Wednesday September 05 2018, @08:22PM (1 child)

    by Anonymous Coward on Wednesday September 05 2018, @08:22PM (#730937)

    Hell, I read it as Transportation Safety Board [ntsb.gov] but then quickly realized that makes no goddamned sense.

    Comment below mentioning Trustee Savings Bank looks probably correct and is already upmodded.

    Parent

    • Re:The Rule of Acronyms: Spell out the acronyms. (Score: 2) by FatPhil on Friday September 07 2018, @12:36PM

      by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Friday September 07 2018, @12:36PM (#731730) Homepage

      That's their old name, from the 90s. They go by just "TSB" now, or more formally "TSB Bank Plc.".

      --
      Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves

      Parent

• Re:The Rule of Acronyms: Spell out the acronyms. (Score: 0) by Anonymous Coward on Thursday September 06 2018, @08:20AM

  by Anonymous Coward on Thursday September 06 2018, @08:20AM (#731209)

  The shitty Spanish is Sabadell (https://en.wikipedia.org/wiki/Banco_Sabadell), and yeah, it's the transition to that bank's IT infrastructure that caused the tits-up.

  Parent