MSE News: Martin Lewis hands MPs list of key questions TSB must answer

eskbanker

Herbalus wrote: »

There is not the remotest hope that these questions will be answered. Not even sure that these are in the public interest - what does the public gain by learning how many have switched away?

redux wrote: »

How many people have switched their accounts away, Martin asks.

This is nearer to a taunt than something Parliament needs to know. Perhaps he could arrange to stand up at a Sabadell shareholders' AGM and ask this one.

Details of inbound and outbound switches by bank are a matter of public record anyway - BACS issues quarterly statistics, the most recent of which is at
https://www.bacs.co.uk/DocumentLibrary/CASS_dashboard_-_published_25_Apr_18.pdf.pdf

Unfortunately they're six months in arrears, so the volume of switches away from TSB (and the others) this quarter won't be published via this channel until January, but I agree that there's no pressing need for anyone to need to know this....

veryintrigued

Brexiteers will be chuffed.

Everything in the world has been their fault for the last 24 months - at least the heats off them for a bit.

greyteam1959

Mr Lewis would be better keeping quiet sometimes........not easy for a high profile journalist though.

KTF

What was it that someone once said, something like the only thing worse than being in the papers all the time is not being in the papers all the time...

Uxb

veryintrigued wrote: »

Brexiteers will be chuffed.
Everything in the world has been their fault for the last 24 months - at least the heats off them for a bit.

This whole debacle was entirely due to the EU commission ordering LloydsTSB to split off TSB into a standalone entity which allowed a bank in Spain called Sabadell to chance its luck to enter the UK market on the cheap.
The blame should be placed totally on the EU.

eskbanker

Uxb wrote: »

This whole debacle was entirely due to the EU commission ordering LloydsTSB to split off TSB into a standalone entity which allowed a bank in Spain called Sabadell to chance its luck to enter the UK market on the cheap.
The blame should be placed totally on the EU.

Not the first time you've tried to spin your anti-EU agenda into this story but that's just as laughable now as it has been before.

The spin-off from LBG was indirectly EU-related by virtue of the UK government's (understandable and deliberate) breach of state aid rules when propping up banks during the global financial crisis, but to assert that a failed IT migration many years later should be 'totally' blamed on the EU is an utterly ridiculous argument!

veryintrigued

Uxb wrote: »

This whole debacle was entirely due to the EU commission ordering LloydsTSB to split off TSB into a standalone entity which allowed a bank in Spain called Sabadell to chance its luck to enter the UK market on the cheap.
The blame should be placed totally on the EU.

Crikey - I was joking too!

Ashen

Uxb wrote: »

This whole debacle was entirely due to the EU commission ordering LloydsTSB to split off TSB into a standalone entity which allowed a bank in Spain called Sabadell to chance its luck to enter the UK market on the cheap.
The blame should be placed totally on the EU.

Personally, I blame the Big Bang for TSB's problems. It allowed this to happen, so is entirely at fault here.

Fingerbobs

where_are_we wrote: »

Thanks "KTF" - "The people who have lost money to scammers only have themselves to blame but its always someone elses fault...". So you can catagorically say that ALL people who have lost money to scammers only have themselves to blame. Recently I have been the victim of Sim-Swap and subsequent emptying of my TSB accounts. I do not click on emails, give information to callers, reply to texts and I shred my mail, have strong different passwords, use text alerts, use antivirus software etc but this did not prevent me being scammed. Some Mobile phone companies and some banks have inadequate security systems in place. I hope it never happens to you.

I still don't quite understand how this fraud works. Surely the attacker must already have gained access to the target's online banking before having access to their mobile phone number becomes useful? Or is there a method of resetting TSB login credentials that relies solely on access to a mobile phone number for authentication?

realaledrinker

Ashen wrote: »

Personally, I blame the Big Bang for TSB's problems. It allowed this to happen, so is entirely at fault here.

That was in 1986 !!!!!!!!!