Pra

Carlos Abarca, former chief information officer (CIO) at TSB Bank, has been personally fined £81,620 in an unusual move by the Bank of England's Prudential Regulation Authority (PRA) for inadequately managing an IT migration that led to massive disruptions for millions of customers.

Andy Hornby and James Crosby, the former HBOS bosses who were under investigation for their part in the failure of banking group in 2008, have been let off without penalty after the conclusion of protracted joint investigations by the Financial Conduct Authority (FCA) and Prudential Regulation