Ken Murphy, Tesco's chief executive, said of the deal: "Tesco Bank is a strong business that has helped millions of loyal customers to manage their money for more than 25 years. "As we look to the future, our aim is to be the best provider of financial services in the UK, with thi...
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In a statement, Tesco Bank’s chief executive Benny Higgins said: “Tesco Bank can confirm that, over the weekend, some of its customers’ current accounts have been subject to online criminal activity, in some cases resulting in money being withdrawn fraudulently.” According to theBBC, approx...
Gerry Mallon, chief executive of Tesco Bank, said: “The way customers shop and manage their money is constantly evolving and we are committed to developing products and services which align with the needs of Tesco shoppers. “With so few of our current account customers using it as their pri...
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Tesco Bank has not disclosed any details of the cyber attack or how accounts had been compromised, but Benny Higgins, chief executive of Tesco, confirmed that the hack affected 40,000 of its 136,000 accounts, half of which had already been used to withdraw money fraudulently over the weekend...
● Tesco Bank adjusted operating profit from continuing operations of £94m includes £42m of non-recurring benefits, mainly due to upfront income recognition from a new five-year pet insurance agreement. ● Continued strong retail free cash flow of £1,261m in the first...
"We are very sorry for the impact that this fraud attack had on our customers. Our priority is always the safety and security of our customers' accounts and we fully accept the FCA's notice," said Gerry Mallon, Tesco Bank chief executive."...
Commenting on the sale, Gerry Mallon, Tesco Bank Chief Executive, said:"In May we announced our decision to stop new mortgage lending while we explored our options to sell the mortgage book.Our focus is on how we best serve Tesco customers and align our resources effectively to their needs ...
1 Tesco Bank. Some recovery in volumes, although lending balances still below 19/20 levels Return to profitability – Predominantly driven by YoY effect of bad debt – Incl. £13m contribution from Tesco Underwriting, fully consolidated since May Balance sheet remains strong £87m dividend to...