2 Burst results for "Mr Pestis"
"mr pestis" Discussed on FT Banking Weekly
"Let's move on to of final topic of the day and tsb nine this story that we will be watching for weeks the systems crisis at tsp still hasn't been resolved and the chief executive pool pester is looking ever more beleaguered a pretty exceptionally tough intervention from the treasury select committee as well last week caroline yeah that's right it's a pretty grim week fatiha spe and a sort of nydia following the nas few weeks since the it outage and nikki moog who's the chair of the treasury select committee captain aloft by saying that tsp board should give serious consideration as to whether mr pestis position as chief executive of tsp is sustainable so pretty powerful and totally unprecedented action by the treasury select committee if you think back to all the chief executives that they've had in the stocks over the us book diamond for goodwin flowers none of them got that treatment from the select committee fennell the board is saying that porpoise still has its full confidence but those being some drip drip new story since then even regarding the amount of money that tsp's having to pay sabato tubs of its it unit sabadell being the spanish bank that owns has built a movie correct that's the parent company and tsp is reportedly paying one hundred ten million pounds a year to sabah because it uses it subis unit for this it system and also there was a leaked ibm report over the weekend which raises more questions about porpoises evidence to the treasury select committee andrew bailey who's the head of the financial conduct with already had already labeled mr pestis first set of evidence to the committee as overly optimistic yes it's not looking great for him and it does conjoined up memories of the treasures let committees inquisition.
"mr pestis" Discussed on Money Box
"Title to that opinion will call him robson told me he got the details of the clients he wrote two from companies house and i can confirm there are three hundred sixty six properties that are officially listed as being owned by universal trustees steps advise is to take independent legal advice before doing anything thanks tony the chief executive of the tsb bank pull pesto should resign following the it meltdown which began six weeks ago and it's still affecting its customers well that was the blunt message in a lesson to the bank from nicky morgan mp the chair of the treasury select committee it was written the day after mr pesters second appearance before her committee the first month ago he reassured him that the problems are being resolved a fortnight later with customers not only reporting continuing problem but an outbreak of fraud nicky morgan told money books that she would recall him to explain and when he reappeared the committee this week the his second grilling mr pestis struck a very different tone i look you have been shocked to read of customers waiting for five hours or seven hours nine hours on the phone you know i apologize unreservedly one of the reasons why immediately when i started seeing news reports two teams that we have to fix this problem we're not willing to have customers sit there and see their savings being taken from their bank see the you know the the life savings in some instances being taken in we have to resolve this one committee member said mr pester had set a record for policies to a senate committee we think they were twenty one and labor impeach online with particularly unimpressed about the compensation being offered to those affected including one woman whose wedding planning was so badly affected by her problems with tsp that she had little money and no access to her account here here's questioning tsp chairman richard meetings you said for your to call you the amount will be calculated based on stress emotional destroying has been done on word that she has been received compensation but i haven't gotten my head.