Showing posts with label banking system. Show all posts
Showing posts with label banking system. Show all posts
Sunday, September 2, 2012
Monday, August 23, 2010
Computer Glitch Makes Barclays Accounts Inaccessible Saturday, Thousands Unable To Withdraw Funds
From Zerohedge.
At a time when the UK banking system is massively underwater, and exists only due to billions in ongoing daily government support, the last thing the country (or any other) needs is a forced locked out from one's bank account. Which is precisely what happened over the weekend in the UK, when Barclays clients were unable to access their accounts, or withdraw cash with no advance notice. Reuters reports that "thousands of Barclays customers in Britain were unable to access their bank accounts or withdraw money from cash machines on Saturday after a system crash caused chaos nationwide..."
At a time when the UK banking system is massively underwater, and exists only due to billions in ongoing daily government support, the last thing the country (or any other) needs is a forced locked out from one's bank account. Which is precisely what happened over the weekend in the UK, when Barclays clients were unable to access their accounts, or withdraw cash with no advance notice. Reuters reports that "thousands of Barclays customers in Britain were unable to access their bank accounts or withdraw money from cash machines on Saturday after a system crash caused chaos nationwide..."
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