FCA leader government Andrew Bailley instructed MPs at the Treasury Make a selection Committee there were about 10,600 incidents of fraud when it comes to the financial institution's IT meltdown.
"They're in a hollow and they've to get themselves out of this hollow," he mentioned.
Bailey mentioned the FCA has had some "slightly frank conversations" with TSB about their stage of verbal exchange and the watchdog were "now not glad" with it.
TSB leader government Paul Pester instructed MPs: "I'm deeply sorry to mention that the problems we created attributable to migration have been a chance for criminals to focus on TSB consumers."
He mentioned the financial institution was once "crushed", having observed 70 occasions the traditional stage of fraud assaults, neatly above the four occasions generally expected with this kind of techniques migration.
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