MADRID (Reuters) - Spain's Banco Sabadell (MC:SABE) on Friday announced a loss of 138.7 million euros (£123 million) in the second-quarter after extraordinary costs of 203.1 million euros related to its IT outage at its British unit TSB.
A botched migration of TSB computer systems in April saw thousands of users locked out of their accounts and a surge in attacks by fraudsters, prompting a regulatory investigation and criticism of its chief executive.