telegraph

Banks Face Continued IT Woes as Legacy Infrastructure Holds Them Down

It was 5am on an otherwise ordinary Friday morning when the first signs of trouble emerged.As Natwest and Royal Bank of Scotland customers began waking, early reports appeared about serious issues with their online banking systems.The problems meant thousands were locked out of their accounts and unable to make crucial transactions.

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HSBC Plans Digital Bank to Counter Online Rivals

HSBC is close to launching a new digital bank known internally as “Project Iceberg” in a move to sink new competition from online upstarts. Europe’s largest lender has recruited more than 100 people to the secret project, based in offices in the Aldwych area of central London.

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Goldman Sachs Starts Rolling Out Retail Bank Marcus in the UK

US banking titan Goldman Sachs has started rolling out its retail bank, Marcus, in the UK, starting with a savings account offered to its 6,000 staff in Britain. In an internal memo seen by The Telegraph, Goldman’s Europe boss Richard Gnodde said a nationwide roll-out would follow in the coming weeks. It is understood the […]

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