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Posts Tagged ‘Royal Bank of Scotlands’

RBS CEO: Bank has under-invested in systems for decades

03
Dec
2013

LONDON (Reuters) – Royal Bank of Scotlands new boss admitted the state-backed bank had under-invested in its systems for decades and apologized for an unacceptable technology crash that affected more than 1 million customers on Monday. For decades, RBS failed to invest properly in its systems, said Ross McEwan, who became chief executive in October. […]

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RBS Cyber Monday outage revives bank technology fears

03
Dec
2013

By Steve Slater and Aashika Jain LONDON (Reuters) – Royal Bank of Scotlands systems crash that left more than 1 million British and Irish customers unable to withdraw cash or pay for goods on Monday has revived concerns about the resilience of the state-backed banks technology. The three-hour outage on one of the busiest shopping […]

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