Bank runs and empty vaults... Probably not a good idea to toss out your shoe boxes, as this 'glitch' of no-dough in the banks is spreading. Be orderly, but probably a good idea to slide as much money (quietly) out of your bank account and keep it safe.
It seems IT professionals around the world are#failingas the 'glitch' that affected millions of account holders in the UK has leaped the channel and spread across Europe to infect Sberbank - which just happens to be the largest Russian bank. Via Bloomberg:
- *SBERBANK CARDS NOT WORKING IN RUSSIA, ABROAD, COMPANY SAYS
- *SBERBANK SAYS WORKING TO RESOLVE TECHNICAL MALFUNCTION :SBER RU
and fromInterfax:
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RUSSIA-SBERBANK-CARDS-MALFUNCTION MOSCOW. July 6. (Interfax) – Sberbank of Russia (RTS: SBER) has suspended credit and debit card operations due to a technical malfunction, the bank told Interfax.“All cards are not being serviced,”it said.
How many times did these glitches occur among the world's largest and likely highest paid IT services groups before the European financial crisis pulled back the curtain and showed the proximity of the liquidty cliff for so many of the 'biggest' banks in the world?
Sberbank just happens to be the biggest Russian bank...