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News Results

Key questions on the massive RBS / NatWest IT failure
Reports indicate that the failure occurred when RBS computer operators tried to upgrade the bank’s workload automation system, which is based on a product called CA-7 from CA Technologies. The upgrade initially seemed to work as expected ...
RBS says most bank accounts now updated
Banking group RBS has said that 99% of RBS and NatWest accounts have now been brought up to date. A computer software upgrade at RBS failed last week, disrupting many payments into and out of accounts. However, RBS added that its Ulster Bank ...
BBC News
RBS says IT problems not linked to India outsourcing
London, Jun 26 (PTI) Under intense pressure from customers and others for an IT failure that affected the transactions of millions of customers, the Royal Bank of Scotland (RBS) has said there was no link to its outsourcing programme to India. Outsourcing ...
MSN India
RBS computer glitch kept man in prison
RBS has been battling to clear a huge backlog of transactions after a failed update to its software last week left millions of Britons unable to make payments, access their accounts or even receive their wages. The unnamed prisoner was granted ...
Yahoo Finance
RBS glitch needs full investigation, says Mervyn King
King told the Treasury select committee of MPs that he had been "kept in very close touch with the very senior RBS management over the weekend". "It is still going to take time to catch up. What is important now is that we provide any support need," King said.
The Guardian
CA vows to resolve RBS techical problems
CA Technologies has confirmed that it is working with RBS (Royal Bank of Scotland) on fixing the technical issues that led to an outage of the banking group’s online services for millions of people for five days. Customers of RBS, Natwest and Ulster Bank ...
RBS Could Face $156 Million Bill After IT failure
Royal Bank of Scotland (RBS) was expected to face a bill of 100 million pounds ($156 million) or more from last week's computer systems failure that caused massive disruption for millions of customers. RBS, 82 percent owned by the government, must pay the ...
RBS to pay Rs 5K to credit card holder for unjustified billing
New Delhi, Jun 26 (PTI) The Royal Bank of Scotland (RBS) has been directed by a consumer forum here to pay one of its credit card holders Rs 5,000 as compensation for demanding payment from him even as he had cleared all his dues. Holding the RBS guilty of ...
MSN India
RBS considering legal action after technical glitch
It is understood that Ulster Bank's parent group, RBS, is considering legal action against their software ... there is a significant chance of action being taken against the American company CA Technologies. It comes after Ulster Bank warned it will ...
Irish Examiner
Sir Mervyn calls for probe on RBS glitch
Stephen Hester, RBS’s chief executive, said earlier this week that the bank would conduct its own review into what went wrong and if the bank’s response to the problems could have been better. Risk experts have questioned why it took the bank several ...
Financial Times
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