RBS fined £56m over problems with a software upgrade
Royal Bank of Scotland (RBS) has been fined £56m by regulators after a 2012 software issue left millions of customers unable to access accounts.
RBS, NatWest, and Ulster Bank customers were affected in June 2012 after problems with a software upgrade.
The Financial Conduct Authority fined RBS £42m, and the Prudential Regulation Authority fined the bank £14m.
Kamal Ahmed reports.
20 Nov 2014
- From the section Business