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IT Problems in UK banking, RBS Glitches – Govenor of BOE Calls for Inquiry

Was this the result of outsourcing 1000 jobs to india? or were there other issues?

The UK Banking market is highly concentrated, with just five big consumer banks. Their sheer size means that even a mundane problem could cause a systemic crisis or a bank run. More reason for UK bankng system to undergo revamp ...

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