SAB.MC - Banco de Sabadell, S.A.

MCE - MCE Delayed price. Currency in EUR
1.4175
+0.0020 (+0.14%)
At close: 5:35PM CEST
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Previous close1.4155
Open1.4215
Bid1.4070 x 921500
Ask1.4320 x 2521900
Day's range1.4065 - 1.4385
52-week range1.4065 - 1.9600
Volume16,090,445
Avg. volume36,842,192
Market cap7.908B
Beta1.45
PE ratio (TTM)9.33
EPS (TTM)0.1520
Earnings date23 Jul 2018 - 31 Jul 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est1.85
  • Reuters - UK Focus2 days ago

    TSB's testing of new IT platform was inadequate -IBM report

    Britain's TSB Bank failed to sufficiently test a new IT platform before a botched roll-out that left thousands of customers locked out of their accounts, a report commissioned by the lender showed on Thursday. TSB's management, and in particular its CEO Paul Pester, have come under fire from lawmakers over the crisis, which lasted for weeks, with some customers unable to make vital payments. The International Business Machines Corp report was produced after TSB called in IBM to help fix the problem, which arose when the bank tried to migrate customers onto a new IT platform in April.

  • Reuters - UK Focus3 days ago

    British lawmakers publish IBM report into TSB bank IT failure

    Britain's influential Treasury Committee of lawmakers on Thursday published a preliminary report by International Business Machines Corp into an IT outage at TSB bank that left thousands of customers locked ...

  • Reuters - UK Focus11 days ago

    BoE to ensure banks recover quickly from IT troubles

    Britain's major banks will have to meet targets for recovering from cyber attacks and other disruptions to key services, a senior Bank of England official said on Wednesday. Lyndon Nelson, deputy chief executive of the BoE (Shenzhen: 000725.SZ - news) 's Prudential Regulation Authority arm, said banks needed to be resilient to cyber attacks, or IT disruptions like those at British bank TSB, where customers were unable to access their accounts because of computer problems.

  • Reuters11 days ago

    BoE to ensure banks recover quickly from IT troubles

    Britain's major banks will have to meet targets for recovering from cyber attacks and other disruptions to key services, a senior Bank of England official said on Wednesday. Lyndon Nelson, deputy chief executive of the BoE's Prudential Regulation Authority arm, said banks needed to be resilient to cyber attacks, or IT disruptions like those at British bank TSB, where customers were unable to access their accounts because of computer problems.

  • Reuters - UK Focus16 days ago

    UK lawmakers have "lost confidence" in TSB boss over IT crisis

    The chairman of TSB said on Thursday the bank's chief executive, Paul Pester, had the full support of the board, after Pester came under attack from lawmakers over his handling of an IT crisis, casting doubt on his position. Parliament's Treasury Committee said earlier on Thursday it had "lost confidence" in Pester and questioned whether he should remain in his post. TSB Chairman Richard Meddings' response suggested Pester would remain at the bank for now, noting Pester's progress in resolving the IT issues.

  • Reuters - UK Focus17 days ago

    Finance watchdog investigates British bank TSB over IT failures

    Politicians criticised TSB boss Paul Pester's handling of the British bank's ongoing IT problems on Wednesday and the Financial Conduct Authority (FCA) said it was investigating the bank's response. TSB, owned since 2015 by Spanish bank Sabadell, saw thousands of users locked out of their accounts last month and a surge in accounts hit by fraud after a botched migration of its computer systems. There has been 2,200 fraud attempts and around 1,300 customers have lost money, Pester told the influential cross-party Treasury Select Committee on Wednesday.

  • Reuters - UK Focus17 days ago

    Britain's TSB says no spike in customers quitting bank amid IT crisis

    Britain's TSB said on Wednesday it had seen around 12,500 customers leave the bank for another lender since it experienced a major computer systems outage, a level of switching which it said was not above ...

  • Reuters - UK Focus29 days ago

    Customers of Britain's TSB bank hit with further IT outage

    Customers of Britain's TSB bank complained on Friday they were unable to access its banking app, a little more than a month after the lender suffered one of the country's worst ever computer systems outages following a botched IT migration. Last month the bank faced criticism from lawmakers over the outage and faces as-yet unknown costs from compensating aggrieved customers. "We're aware that our mobile app is currently unavailable for some customers – we're really sorry for the inconvenience this may cause," a spokeswoman for TSB said.

  • Reuters2 months ago

    Spain's Banco Sabadell fined by ECB over capital buyback

    The European Central Bank has fined Spain's Banco Sabadell (SABE.MC) 1.6 million euros (1.4 million pounds) for buying back some of its capital without the ECB's permission, the ECB said on Tuesday. "The penalty has been imposed in respect of the bank repurchasing its CET1 (Core Equity Tier 1) instruments from 1 January 2014 to 7 November 2016 without the prior permission of the banking supervision authority," the ECB said. Sabadell has challenged the fine before the Court of Justice of the European Union, the ECB said.

  • Reuters - UK Focus2 months ago

    Virgin Money bid sparks British bank consolidation talk

    British entrepreneur Richard Branson, founder of the Virgin business empire, is reviewing a 1.6 billion pounds ($2.2 billion) takeover bid that could turn the fledgling lender he founded almost 25 years ago into one of Britain's biggest banks. Britain's mid-sized 'challenger' banks' shares rose sharply on Tuesday, after the approach by CYBG for rival Virgin Money, prompting speculation that long-awaited consolidation in the sector could become a reality.

  • Reuters - UK Focus2 months ago

    TSB chief to lose bonus linked to botched IT upgrade

    The chief executive of British bank TSB, Paul Pester, will not get a bonus linked to the bank's botched computer system migration, TSB's Chairman Richard Meddings told lawmakers on Wednesday. Pester and Meddings apologised to members of Britain's Treasury Committee on Wednesday for the migration over the weekend of April 21-22 that left up to 1.9 million customers unable to access their accounts. Pester said that 95 percent of attempted logins to the bank's mobile and digital platforms were now successful, but apologised when members the Treasury Committee confronted him with new complaints from customers about continued problems.

  • Reuters - UK Focus2 months ago

    TSB chief executive to lose bonus linked to computer system migration

    The Chief Executive of British lender TSB, Paul Pester, will not receive a bonus that he was due and which was linked to the bank's botched computer system migration, TSB's chairman Richard Meddings told ...

  • TSB board hires top City law firm to probe IT meltdown
    Sky News2 months ago

    TSB board hires top City law firm to probe IT meltdown

    A leading City law firm has been brought in by the board of TSB to investigate the IT crisis which has left many customers without online access to their bank accounts for almost a fortnight. Sky News has learnt that directors of the UK's sixth-biggest bank have asked Slaughter & May to conduct an independent probe of the circumstances leading to the IT upgrade which has prompted a furious backlash from thousands of customers. The appointment of Slaughters, one of the so-called 'Magic Circle' law firms, has been rubber-stamped by TSB's board and is expected to be confirmed by directors when they appear in front of MPs (BSE: MPSLTD.BO - news) on the Treasury Select Committee later on Wednesday.

  • Reuters - UK Focus2 months ago

    Rushed testing, poor communication played role in British TSB outage - contractors

    A computer systems migration at Britain's TSB bank that left up to 1.9 million customers unable to access their accounts was hindered by rushed and inadequate testing and poor internal communication, two contractors who worked on the project said. TSB, bought in 2015 by Spain's Sabadell Bank from Lloyds Banking Group, was migrating to Sabadell's in-house developed system, Proteo (Other OTC: PTEO - news) , from legacy systems for which it had been paying Lloyds around a hundred million pounds a year.

  • Reuters - UK Focus2 months ago

    Sabadell CEO expects TSB to return to normality by next week

    The chief executive officer of Spain's Banco Sabadell, Jaime Guardiola, on Thursday said it expected to fix the technical outage at its British unit TSB by next week. The outage followed a planned migration of TSB's computer systems, as it shifted from the platform of its former owner Lloyds Banking Group to a new system called Proteo developed by Sabadell.

  • Reuters - UK Focus2 months ago

    Sabadell, Bankinter beat profit forecasts as bad loans fall

    Spanish banks Banco Sabadell and Bankinter exceeded first quarter forecasts on Thursday on lower loan-loss provisions, although their lending businesses remained under pressure from low interest rates. Both managed to keep their non-performing loans under control and reduced the amount of money they set aside against soured property loans at a time when the European Central Bank is pushing banks to reduce bad loans.

  • Reuters - UK Focus2 months ago

    UK's TSB Bank calls in IBM to fix IT problems

    Britain's TSB Bank has called in International Business Machines Corp to help resolve an IT crisis that has left dozens of customers without access to digital services for almost a week, its CEO said on Thursday. Disruption scheduled to end on Sunday rolled on until Thursday morning, with customers still reporting issues via social media. Pester also said the bank's customers would not be charged any overdraft fees for the month of April.

  • Reuters - UK Focus2 months ago

    CEO of UK's TSB bank drafts in IBM to fix online banking problems

    Paul Pester, chief executive of British bank TSB whose customers have been hit by severe problems using online banking services, said he would take control of the bank's IT platform on Thursday and bring in IBM (Swiss: IBM-USD.SW - news) experts to fix the problems. The online problems, now in their sixth day, follow a planned migration over the weekend of TSB's computer systems from the platform of its former owner Lloyds Banking Group to a newly built platform developed by its parent bank, Spain's Sabadell. "I will take direct control from 8 o'clock (0700 GMT) this morning for our platform, I've drafted in a team of global experts from IBM (NYSE: IBM - news) ," Pester said during an interview on BBC Radio 4.

  • TSB bank customers say online services still not fixed
    Reuters2 months ago

    TSB bank customers say online services still not fixed

    TSB, owned by Spain's Banco Sabadell, on Tuesday had said it needed to take its mobile application and online banking down for a "few hours" after working for 48 hours to fix the problems. "Our mobile banking app and online banking are now up and running.

  • Reuters2 months ago

    TSB bank customers say online services still not fixed

    TSB, owned by Spain's Banco Sabadell, on Tuesday had said it needed to take its mobile application and online banking down for a "few hours" after working for 48 hours to fix the problems. "Our mobile banking app and online banking are now up and running.

  • Reuters - UK Focus2 months ago

    TSB bank customers say online services still not fixed

    Dozens of customers of Britain's TSB Bank said on Wednesday they still could not access its digital services, after the bank's CEO said earlier its mobile and online banking platforms were up and running following five days of disruption. TSB, owned by Spain's Banco Sabadell, on Tuesday had said it needed to take its mobile application and online banking down for a "few hours" after working for 48 hours to fix the problems.

  • Reuters - UK Focus2 months ago

    Britain's TSB says digital services "up and running"

    Britain's TSB Bank, owned by Spain's Banco Sabadell, said its mobile banking application and online banking were up and running after resolving a slew of glitches with its digital services. TSB, which has apologised after some customers were unable to access their accounts online, said on Tuesday it needed to take its mobile application and online banking down for a "few hours" after working for 48 hours to fix the problems. "Our mobile banking app and online banking are now up and running.

  • Reuters - UK Focus2 months ago

    Customers at Britain's TSB, RBS Irish bank hit by account issues

    LONDON/DUBLIN, April 24 (Reuters) - Britain's TSB Bank, owned by Spain's Banco Sabadell, faced continuing problems with its digital services on Tuesday as Royal Bank of Scotland's Irish unit also reported an issue that led to salaries going missing from some accounts. TSB, which apologised on Monday after some customers were unable to access their accounts online, said it needed to take its mobile application and online banking down for a "few hours" after working for 48 hours to fix the problem.

  • Reuters - UK Focus2 months ago

    TSB's app and online service down again as bank tries to fix problems

    Britain's TSB bank, owned by Spain's Banco Sabadell, took down its mobile app and online services on Tuesday in an attempt to fix technical problems which have locked customers out of their accounts. The bank said about 402 customers on Sunday were able to see data that they would not usually see online, often of so called "connected accounts" that family members typically use. TSB Chief Executive Officer Paul Pester said he had worked for 48 hours to fix the problem but that the bank had to take down both the mobile app and online banking again on Tuesday.

  • Reuters - UK Focus5 months ago

    Worst week in more than a year for European stocks as risk appetite dries up

    MILAN/LONDON, Feb 2 (Reuters) - European shares suffered their biggest weekly loss in more than a year on Friday as investors' appetite for risk dried up and disappointing results from Deutsche Bank dragged the heavyweight banking sector down. A more than five percent drop in shares of the German lender and losses across all sectors dragged the pan-European STOXX 600 index down 1.4 percent, suffering its fifth straight session of declines.

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