The Prudential Regulation Authority has fined former TSB Bank plc chief information officer Carlos Abarca £81,629 for his part in IT failings which hit 5.2m TSB customers. 

The Chartered Insurance Institute is revamping its troubled IT system this month, leaving some services out of action between 8 March and 19 March.

Platform Transact has recruited Investec’s head of IT Damien Francis to the newly-created role of chief technology officer.

Brooks Macdonald expects to make 50 redundancies as part of a ‘streamlining’ of the business.