MPs Investigate 'Astonishing' IT Meltdowns At UK Lenders
Law360, London (November 23, 2018, 10:25 AM GMT) -- The parliamentary Treasury Committee launched an investigation on Friday into the high number of IT meltdowns at U.K. financial services companies, singling out major players including Barclays PLC, TSB PLC and the Royal Bank of Scotland Group PLC.
TSB is among the major banks that have suffered IT meltdowns, and the lender's chief executive, Paul Pester, stepped down after a lawmaker described its approach to the problem as "complacent and misleading." (AP) Cross-party lawmakers will examine the suffering that software failures cause for millions of consumers and whether U.K. regulators have the skills and power to hold senior staff at banks...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.