A few years back RBS/Natwest sacked the bulk of their UK IT staff and offshored their IT admin to India - the hardware is in the UK.
A young Indian graduate employee had access to the scheduler (organises what the order processes takes place) and played about with it.
RBS then took around 2 months to get everything squared up - Ulster Bank were "unable to function" for almost 2 months.
They employed a Large Computer Company and got back dozens of sacked/redundant RBS employees and managed to rescue matters.
In this case RBS/Natwest were lucky - if the same type of failure were to happen in say 10 years time they could be risking going out of business - the Bank's Retirees will be dead or at least unable to function at a level of knowledge needed.
What a difference age can make! even 2/3 years later
Completely unrelated to Banking. A grandson was struggling with an old past paper - he hopes to do Maths at university. I tutored a granddaughter 2 years ago (she got an A* although she is not an A* Maths student) and I had no difficulty with the same past papers at that time.
Last night it took a 77 year old Grandpa 20 /25 minutes to wade through a question that was more like a 8 minute for a competent 17 year old or 5/6 minutes 75 year old Grandpa.
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Bank IT Systems 
