Failing to properly execute anti-money laundering customer due diligence at its Dutch unit from 2010 till 2016 has cost ING dearly. The bank has agreed to pay US$900 million to settle an investigation by Dutch authorities into money laundering and corrupt practices, reports Bloomberg. Executive board members will also relinquish their 2018 bonuses. ING said it was taking action itself against a number of current and former senior employees in relation to the case. A weekend of disruption to online and mobile banking has been the final straw resulting in the resignation of TSB bank CEO Paul Pester, reports Finextra.  It follows months of IT nightmares for the UK bank following a botched upgrade to a new computer system from Spanish parent Banco Sabadell, which have resulting in Parliamentary hearings and FCA criticism. Pester has been at the head of the bank for seven years. In July TSB reported a £107.4 million first half loss, blamed largely on the costs of the disastrous IT  migration.