Wednesday, 2 May 2018

TSB chief executive Paul Pester to give up £2m bonus amid IT mess

TSB chief executive Paul Pester will give up his "integration bonus" of £2m following the IT fiasco at the bank.

However, his full pay and bonus package will not be decided until the end of 2018, the Treasury Committee has heard.

He told the committee that the bank had received 40,000 complaints after millions of customer accounts were moved to a new computer system.

MPs heard that no date could be set for the end of the fiasco, which has already lasted nearly two weeks.

"If there is one decision in my life that I could change it was the decision to go ahead with the migration. Clearly that was a terrible decision for our bank, for our customers and for me personally," Mr Pester said.

BBC     News.

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