HSBC system failure leaves
thousands facing bank holiday without pay
Problem with BACS payment system means salaries have not arrived for many customers as bank faces barrage of complaints
HSBC system failure leaves
thousands facing bank holiday without pay
Thousands of people have been left without their salaries because of an IT glitch at HSBC that means employers who use its business banking accounts cannot make payments.
Some 275,000 individual payments failed to go through on Friday leaving potentially hundreds of thousands of people without their pay on the Friday before the bank holiday weekend.
The bank has suffered a problem with the electronic payments system its business banking customers use to make, among other things, salary payments.
A history of UK banks' system failures
“None of our 150 staff have been paid, which before a long weekend is a disaster,” the owner of one business told the Guardian. “HSBC is very non-committal as to whether any monies will clear between now and Tuesday when the banks reopen, and it’s causing a huge concern for our young workforce who were relying on their pay before the bank holiday.”
She added: “Most have been forced to go over their overdrafts and some will literally be left with no funds until it’s resolved.”
http://www.theguardian.com/
International Intelligence Reports - Friday, August 28, 2015
British Banking Giant HSBC Nears Total Collapse
This is 'hot news' & I have not had time to trust but verify. The 'italic' links are here to
take you to other websites. I report & you decide. Almost 100% of this has been reported
by Heneghan & Fulford in past reports. Houston . . . we have a problem. Where is your money?
In a bank? Does that make sense? I taught you better! Stay safe & do not do anything stupid.
Life happens & it's going to get Barry ugly too! ~ The Breeze
Western Banks In Turmoil - International Intelligence Reports . . . today that British banking giant HSBC is nearing a total collapse after its having lost a staggering nearly $1 trillion due to the ongoing Great 2015 Global Market Crash {COLLAPSE 2015 - mentioned above.} and earlier today it completely ran out of cash to pay its obligations and depositors.
According to this report, HSBC is a multinational banking and financial services company headquartered in London, United Kingdom and is the world's fourth largest bank by total assets worth $2.67 trillion. {HSBC North America total assets $301,957 billion. HSBC North American total assets $4,681,trllion derivaties. Does that compute? Does that make sense?
Check this out at http://www.occ.gov/topics/
Check the other Top-25 U. S. Bank Holding Corporations. Bottom-line . . . 100% broke. The almost worthless derivatives prove it. Don't like what I say? It's been my business
to catch crooks & find corruption since 1960. Learned the best part of fishing is to know where the fish are. Welcome to my fishing hole! ~ The Breeze
Not known to many Westerners, this report continues, HSBC was established in its present form in London in 1991 by the Hong Kong and Shanghai Banking Corporation Limited to act as a new group holding company and the origins of this banking giant mainly lies in Hong Kong, and also to a lesser extent Shanghai, where branches were first opened in 1865.
Due to the staggering crash of the Shanghai Composite index that has shed 38% of its value since 12 June, this report explains, HSBC lost nearly $700 billion of its value in China while a further estimated $300 billion has been lost due to the Dow’s collapse of over 1,800 points since its high for the year was reached on 27 May.
To the consequences of this massive $1 trillion HSBC loss, this report says, began hours ago when reports began to surface in the UK that hundreds-of-thousands of people were not being paid their salaries, which this British banking giant first tried to deny, but a few hours later blamed their failure to pay on a “computer glitch”.
MoF experts in this report dismiss HSBC’s explanation of a “computer glitch” noting that this phrase is commonly used by Western banking and financial institutions as a “cover story” to mask their inability to access cash…and is likewise being used to explain what is preventing hundreds of American mutual and exchange-traded funds from providing their investors with the values of their holdings, and why one of the world’s largest brokerages, Charles Schwab, shut down earlier today too.
As HSBC is Britain’s largest bank, this report notes, it has appealed for an emergency loan from the Bank of England (BoE), with the BoE then appealing to the European Central Bank (ECB), and the ECB then appealing to the US Federal Reserve System (FRS).
With the US Congress having verified that over $16 trillion of the American peoples money was given by the US Federal Reserve to European corporations and banks, purportedly for “financial assistance” during and after the 2008 fiscal crisis, this report says, it remains “highly probable” they will do so again before HSBC totally collapses.
And with China continuing to dump hundreds-of-billions of its US held debt to stabilize its own markets and economies, this report concludes, the near collapse of HSBC today is but a prelude to the coming greater global financial collapse some experts have warned will “change the landscape of the entire world”.
{Hearing China is dumping U. S. Bonds . . . this news fits that.}
Though not mentioned in this report, it is interesting to note that at least the American people are seeing the truth and, according to one news source, are “yanking their money from almost everything”…which in turn has led one of the elites major mouthpieces, the Financial Times, to publish an anonymous article calling for the outright abolition of cash in order to give central banks and governments more power.
August 28, 2015 © EU and US all rights reserved.
1 comment:
BOHICA!
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