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For the past 4 days, up to 12 million NatWest / Royal Bank of Scotland customers have been unable to pay bills, move money or get paid due to a technical problem. Customers have been unable to complete on house purchases and some are stuck because they can't pay hotel bills abroad. The new mobile banking service has also been affected. The bank has called in 7,000 staff to open all weekend as problems persist.
Just three months ago, the State-controlled bank outsourced nearly 300 back-office roles to Hyderabad in India.
posted by Lanark on Jun 23, 2012 - 71 comments

Abbey Road the famous recording studios are up for sale! After losing their headline acts Radiohead and The Rolling Stones the troubled record company has posted losses of £1.75bn Former bond-trader Guy Hands has been running EMI since 2007
posted by Lanark on Feb 16, 2010 - 29 comments