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Barclays may have to pay $16 billion to customers for app outages​

Barclays may pay up to £12.5 million in compensation due to technology outages over the past two years affecting customers. The Treasury Committee’s inquiry reveals that these recent disruptions included a significant outage in January, with issues stemming from software problems in the bank’s mainframe system.

​ Barclays may pay up to £12.5 million in compensation due to technology outages over the past two years affecting customers. The Treasury Committee’s inquiry reveals that these recent disruptions included a significant outage in January, with issues stemming from software problems in the bank’s mainframe system. Barclays may pay up to £12.5 million in compensation due to technology outages over the past two years affecting customers. The Treasury Committee’s inquiry reveals that these recent disruptions included a significant outage in January, with issues stemming from software problems in the bank’s mainframe system. Read More

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