Barclays customers in-line for £12.5m payout after IT outages

By Yahoo! Finance   |   1 month ago
Barclays customers in-line for £12.5m payout after IT outages

British banks experienced 803 hours of outages in the last two years, leading to disrupted house sales and delayed payments. MPs warned of potential millions in compensation, with Barclays facing up to £12.5m. The incidents were caused by various factors such as third-party issues and system changes.

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