UK financial watchdog fines TSB Bank £10m
- The UK's Financial Conduct Authority fined TSB Bank £10.9 million for not treating customers in arrears fairly on loans and credit cards.
- The FCA stated TSB, owned by Sabadell, failed to have proper systems, creating risks for vulnerable customers.
- TSB's fine was reduced by 30% to £10.9 million after it collaborated with the FCA to improve its systems, having spent £105 million on solutions.
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Leaning Left3Leaning Right2Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 27%
C 55%
R 18%
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