Quote:

Bank Of China Declares Moratorium On Transfers, Online Banking; Counters Inoperable

Submitted by Tyler Durden on 06/24/2013 08:28 -0400

• Bank Failures
  
• Caijing
  
• China
  
• Google
  
• Mandarin
  
• recovery
  

From Caijing, google translated. We hope the gist of the narrative in Mandarin is far less scary, because if the translation is even remotely accurate, then all hell may be about to break loose in China.
From Caijing: Bank of China, Bank of suspension of transfers morning counters were unable to apply for online banking
Update: Customer service said, now silver futures transfer service has been fully suspended, online banking, the counter can not be handled, and now has the background system response, recovery time is not yet known
Following the ICBC, the Bank of China also go awry again. This morning, the Bank of China Bank moratorium on transfers, online banking, counters are inoperable.
10:00 many, many people began to receive messages sent to the Bank of China, "the end result of the Bank of China Bank failures, bank customers can not carry on through the Bank transfers, please Bank online banking, bank counter or use of other bank transfer system, Bank system will be restored promptly notify you." large number of transfer business banking needs of the people turned to online banking, counter, but according to the instructions of the public still found text messages can not handle.
Reporters call the BOC, customer service said, now silver has been fully suspended phase transfer services, online banking, the counter can not be handled, and now has the background system response, recovery time is not yet known.
As of 12:00, the Bank customer service said handle part of the user's online banking has been restored.
Just yesterday, 10:35, Shanghai and other places ICBC system failures, ATM machines, POS machines, online banking appeared paralyzed more than 50 minutes, all kinds of businesses can not properly handle.
The ICBC bank system failure comes trouble "money shortage", inevitably lead to speculation that many people guess the bank is not money.
To solve this problem, ICBC relevant person in charge told reporters that morning, business process slow, the analysis on the host software upgrade, emergency treatment, 11:27 various businesses all returned to normal.
As for speculation that the crash might be the last two days the inter-bank "money shortage" relevant, ICBC has denied
h/t Sean Corrigan

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Bank of China solemnly stated: the Bank never had monetary defaults

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[TD="class: dashlh, align: center"]2013-06-20[/TD]
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[TD]An official of Bank of China expressed late this evening: the Bank has never defaulted on any fund payment and fulfilled all of the outbound payments on June 20 in a timely manner. Relevant media reports and market rumors seriously distorted the facts and are totally untrue. The Bank reserves its rights to pursue legal action towards those institutions and individuals who maliciously fabricate and spread rumors against BOC.
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