Story perspectives

UK Banks Face Major Online Issues Amid IT Scrutiny

3/1/2025

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Summary

Story summary

UK banks are experiencing significant online banking issues, leading Parliament's Treasury Committee to seek IT outage reports from the last two years.
Halifax acknowledged technical difficulties impacting customer logins, though card payments remain unaffected.
Nationwide and other banks are facing payment processing delays but are actively addressing the problems.
The UK government has decreased its stake in NatWest to 5.93%, a reduction from 6.98%.

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Story summary

UK banks are experiencing significant online banking issues, leading Parliament's Treasury Committee to seek IT outage reports from the last two years.
Halifax acknowledged technical difficulties impacting customer logins, though card payments remain unaffected.
Nationwide and other banks are facing payment processing delays but are actively addressing the problems.
The UK government has decreased its stake in NatWest to 5.93%, a reduction from 6.98%.