Ten Things You Need to Know Today: Wednesday 6 Jun 2018

1. TSB rebuked by regulator over IT meltdown

The Financial Conduct Authority has rebuked TSB for “not being open and transparent” with customers about a botched IT upgrade that resulted in 1.9 million people being locked out of their accounts earlier this year. The City regulator said that the bank’s communications were “poor” and “could reduce trust in TSB and in the banking sector as a whole”.

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