TSB says its record annual performance will allow it to pay a dividend to Banco Sabadell for the first time, offsetting the cost of a recent fine over the failed IT migration.
TSB says it is planning to pay its owner an annual dividend for the first time, offsetting the fine of almost £50m it received last month for its infamous IT meltdown in 2018.imposed on TSB by UK regulators had pushed its UK unit to a quarterly loss between October and December - damaging the group's profitability in the final quarter of the year.
TSB, it said, fell to a €6m loss over the three months - driven by the impact of the fine imposed by the Financial Conduct Authority and Bank of England's Prudential Regulation Authority over the historic PR disaster that blocked millions of customers from their accounts for up to several weeks when an IT migration went wrong.They showed that, despite the fine, it managed to achieve record statutory profit before tax of £183.5m.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Blum: Arte Moreno will remain Angels' owner, so now what?The sale of the Angels was set to seismically shift a franchise that hasn’t won a playoff game since 2009. Instead, a slew of potential buyers, including at least one from Asia and two who are current NBA owners, are left to wonder what just happened.
Weiterlesen »
Darvel owner: Cup shock win a dream come trueJohn Gall is keeping his feet on the ground after one of the biggest upsets in Scottish Cup history.
Weiterlesen »
Shropshire owner of Pele shirt to sell it at auctionThe owner, a restaurant manager, says he hopes a football museum buys the item.
Weiterlesen »
Shropshire owner of Pele shirt to sell it at auctionThe owner says he hopes a football museum buys the top when it is auctioned in Derbyshire
Weiterlesen »
Farhad Moshiri denies Everton up for sale but owner speaking to 'top investors'Everton owner Farhad Moshiri has denied he has put the Premier League club up for sale. The British-Iranian billionaire became Everton’s major shareholder in February 2016 but has not endeare…
Weiterlesen »
Has Scunthorpe United's potential new owner just revealed himself?He resigned from his club and said “an opportunity has arisen” for him Scunthorpe
Weiterlesen »