Page 279 - Bank Case Studies
P. 279

Tuesday 24 –





                                                                                Pester appeared

                                                                                and apologises

                                                                                on television,

                                                                                commenting that

                                                                                the bank was

                                                                                “deeply sorry”
                                                                                and was now


                       “tuning the platform” and that the app and online
                       banking would have to be taken off-line for a few hours

                       to achieve this. Customers were encouraged to contact

                       the Bank’s telephone banking team with any problems

                       but some customers could not get through or were left

                       on hold for more than an hour.


                       The system however, remained off-line and Pester was

                       forced to apologise once again as small business

                       owners complained that they were losing business as

                       they could not access their accounts to undertake

                       normal business functions.


                       Pester promised no one would be out of pocket as a

                       result of the bank’s failure. But Nicky Morgan, chair of

                       the Commons' Treasury Committee, was unimpressed.


                       "Warm words and platitudes will not suffice. TSB

                       customers deserve to know what has happened, when

                       normal services will resume, and how they can expect
                       to be compensated," she said. (28)
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