Published

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.
Insights by Ground AI
Does this summary seem wrong?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 55% of the sources are Center
55% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.