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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 1.691 EUR | +3.27% |
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+13.91% | +51.93% |
| Apr. 26 | IBEX heads for its biggest weekly rise in a month as it awaits US inflation data | RE |
| Apr. 25 | BANCO DE SABADELL : Net interest margin resilience and mortgage upturn |  |
LONDON (Reuters) - Britain's TSB bank reported a pre-tax loss of 107.4 million pounds on Friday due to costs related to a botched IT update which plunged the lender into chaos for weeks earlier in the year.
The bank, owned by Spain's Sabadell, said it had recognised costs related to the IT outage of 176.4 million pounds, while the update itself cost 318 million pounds.
CEO Paul Pester, whose position was called into question by lawmakers following the outage, said: "We're making progress in resolving the service problems customers experienced following our IT migration, and we will continue to work tirelessly until we have put things right."
(Reporting by Emma Rumney, editing by Silvia Aloisi)
| 1st Jan change | Capi. | |
|---|---|---|
| +51.93% | 9.77B | |
| +13.75% | 556B | |
| +12.36% | 298B | |
| +8.64% | 247B | |
| +21.72% | 210B | |
| +16.11% | 170B | |
| +6.88% | 162B | |
| +4.42% | 153B | |
| -11.67% | 138B | |
| +0.10% | 139B |
BANCO DE SABADELL, S.A. 
