TSB bank runs, who is next?

wary

The cost of resolving these issues will be minimal compared to the cost of the actual migration programme which has been ongoing for more than two years. The main impact will be to their reputation, with many customers perhaps doing their own migration ... away from TSB.

Also bear in mind that they're owned by Sabadell rather than being standalone that is an obvious "target for a takeover".

spikyone

nrsql wrote: »

My guess - this is going to be very expensive for them and I'm guessing the emergency consultant fees will be enormous. Probably makes them a target for a takeover and maybe won't survive.

My guess: they're already owned by Sabadell in Spain, who have assets of over €200bn. They'll probably be fine.

(only one of our guesses is rooted in facts )

p00hsticks

capital0ne wrote: »

Some people just cannot cope with a minor inconvenience, #snowflakes - real problems are when your house gets destroyed in the blitz - not being able to open your TSB app is not a problem folks, it'll all be back next week and forgotten the week after.

A bit unfair, I think. The OP said that they have their rent money in their account and it's due to be paid next week - that's likely to be hundreds of pounds. Not everyone is in the fortunate postion of being able to keep reasonably large amounts of money in multiple accounts on the offchance that one will not be available, and failure to pay rent could see them evicted.

Herbalus

Sea_Shell wrote: »

While they're still giving 3% on our £4500, we're not going anywhere!!! We'll sit it out and wait for the dust to settle, which it will - eventually.

Now boosted to 5%

pafpcg

AG47 wrote: »

Deutschland bank in Germany to name a few

I think AG47 may be referring to the loss a few years ago of a couple of local/regional banks in Germany. These were local banks with a geographical focus similar to building societies in the UK - remember it's not so long ago that we lost some of the smaller building societies a few years ago when the bigger building societies (Nationwide, YBS, Skipton, Coventry) were "encouraged" to absorb Dunfermline, Cheshire, Chelsea, etc.

RG2015

Herbalus wrote: »

Now boosted to 5%

Wishful thinking, another bank error in my favour or have I missed something real?

Herbalus

RG2015 wrote: »

Wishful thinking, another bank error in my favour or have I missed something real?

https://forums.moneysavingexpert.com/discussion/5834881/tsb-to-increase-classic-plus-rate-to-5

CEO said on radio this morning. No dates as to when it starts or ends though.

trying to stop an exodus I think.

PeacefulWaters

Lungboy wrote: »

NR was almost 6 years ago, and Deutsche Bank is still going so not really sure what you're getting at.

The run on NR was in 2007.

Nationalisation not long after.

The comparison between TSB and NR is utterly ridiculous.

dunstonh

Youre traveling through another dimension, a dimension not only of sight and sound, but of mind. A journey into a wondrous land whose boundaries are that of imagination. Thats the signpost up ahead. your next stop, the Twilight Zone

May as well join in the posting of daft things.

moneyfoolish

sjp999 wrote: »

I logged in ok at 3am-ish, 9-ish when I got home from work and have just logged in once again, are you saying you can't access your accounts?

I tried on and off for 3 days just to see if I could get in but always got the unavailable message. However, I was running from a URL in my Bookmarks Toolbar. This morning it failed again but after this I went into the TSB site and started from there and was able to get in although it took quite a time. I've now updated my Bookmarks Toolbar URL and it runs O.K. I suspect many of the people having problems might be running from a shorcut somewhere which has now been updated.