The Anonymous Widower

Will TSB Exist In A Couple Of Months?

I am seventy and I have been programming computers and using them since I was eighteen.

I also worked for Lloyds Bank in the 1970s, although not on their computing side, but as a high level consultant, where I was using data extracted from the main computer system to calculate bank costs, through a program I had written that was effectively a giant spreadsheet.

So I have heard a lot of stories from the 1960s, of when banks were first computerised, over drinks with bank e,employees.

One was about an absolutely brilliant fraud, that would make a good film.

None were as horrific as what TSB have inflicted on their customers over the last few weeks.

I like to check my bank account every morning, as in my view, that is the best way to pick up any fraud.

So if I had been a TSB customer, I would already have long ago moved my account.

It would be in everybody’s interest, if all TSB account holders moved to other banks.

As that would hopefully, close TSB!

This would surely mean, all banks and other financial institutions made sure they got their computing right.

From my computing knowledge, I do wonder whether the TSB problems are being caused by an evil programmer!

The chaos undoubtedly, could have been created deliberately.

But for what purpose?

  • There is always a rogue state or organisation, wanting to create mischief.
  • Banco Sabadell, who are TSB’s parent, are a publicly-quoted company.  Their share price appears to have been falling recently. Could someone have placed a big bet on the share price?
  • Chaos is a good smokescreen for fraud.

Hopefully, the truth will come out in the end!

 

 

May 3, 2018 - Posted by | Computing, World | , ,

2 Comments »

  1. I think this is a cock up rather than a conspiracy, although there must be a possibility that money is being embezzled during the chaos.

    Comment by Mark Clayton | May 3, 2018 | Reply

  2. Agreed.

    The incident also proves my First Law of Banking! Never use a bank that is headquartered outside the country you live in!

    Comment by AnonW | May 3, 2018 | Reply


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