27-01-2014, 01:06 AM
More cash separation anxiety from the banks. First Lloyds second China. Then there's all that gold they wont give to Germany presumably because they don't have it to give back any more...
Quote:First HSBC Halts Large Withdrawals, Now Lloyds ATMs Stop Working
Submitted by Tyler Durden on 01/26/2014 14:43 -0500
Update: things are back to normal - Lloyds will gladly accept your deposits again:
First HSBC bungles up an attempt at pseudo-capital controls by explaining that large cash withdrawals need a justification, and are limited in order "to protect our customers" (from what - their money?), which will likely result in even faster deposit withdrawals, and now another major UK bank - Lloyds/TSB - has admitted it are experiencing cash separation anxiety manifesting itself in ATMs failing to work and a difficult in paying using debit cards. Sky reports that customers of Lloyds and TSB, as well as those with Halifax, have reported difficulties paying for goods in shops and getting money out of ATMs.
All three banks are under the Lloyds Banking Group which said: "We are aware that some customers are unable to use their debit cards either to make purchases or to withdraw money from ATMs. "We are working hard to resolve this as swiftly as possible and apologise for any inconvenience caused."
Further from SkyNews, TSB, which operates as a separate business within the group, issued a statement saying: "We are aware that some TSB customers are unable to use their debit cards either to make purchases or to withdraw money from ATMs. "This has impacted all Lloyds Banking Group brands. We are working hard to resolve this and unreservedly apologise for any inconvenience caused."
TSB chief executive Paul Pester said in a tweet: "My apologies to TSB customers having problems with their cards. I'm working hard with my team now to try to fix the problems."
Clients were not happy:
What is going on is known as a "glitch" for now, and perhaps as "preemptive planning" depending on who you ask. Sure, in a few months in may be called a bail-in (see Cyprus), but we will cross that bridge when we get to it. http://www.zerohedge.com/news/2014-01-26...op-working
On the microblogging site, one TSB customer Nicky Kate said: "Really embarrassed to get my card declined while out shopping, never had any problems with lloyds then they changed my account."
Hannah Smith: "I am a TSB customer with a Lloyds card still (like everyone else). And I've been embarrassed three times today re: card declined."
Another customer Julia Abbott â€said: "Lloyds bank atm and card service down. 20 mins on hold to be told this. Nothing even on website. Shoddy lloyds. ... shoddy."
Helen Needham â€said: "#lloyds bank having problems with there card service... Can't pay for anything or get money out!"
Another Twitter user wrote: "This problem is also affecting Halifax debit cards as I found out trying to pay for lunch with my wife!"
And Jane Lucy Jones tweeted Halifax, saying: "Why can't I get any money out of any cashpoints, what is going on?
Quote:China Halts Bank Cash Transfers
Posted on January 26, 2014 by Stacy Herbert
Many were oh so concerned about the Chinese who owned some bitcoin. LOL. Anyway, there sure are lots of strange things going on over the past few months with ATM malfunctions' and cash withdrawal limits and now suspension of money transfers (the very essence of bitcoin which no govt can shut down). We shall see where this all leads, all we know for sure is that debt and leverage has GROWN since the last collapse, so can the next one be far behind?
China Halts Bank Cash Transfers
In short, there will be a three-day suspension of domestic renminbi transfers. There will also be a suspension, spanning nine calendar days, of conversions of renminbi to foreign currency.
The specific reason given"system maintenance" at the central bankis preposterous. It is not credible that during the highest usage period in the yearthe weeklong Lunar New Year holiday beginning January 31the central bank would schedule an upgrade and shut down cash transfers.
A better explanation is that the country's banking system is running dry.
Read more at http://www.maxkeiser.com/2014/01/china-h...t5WqpxR.99China Halts Bank Cash Transfers
Posted on January 26, 2014 by Stacy Herbert 7 Comments ↓
Stacy Summary: Many were oh so concerned about the Chinese who owned some bitcoin. LOL. Anyway, there sure are lots of strange things going on over the past few months with ATM malfunctions' and cash withdrawal limits and now suspension of money transfers (the very essence of bitcoin which no govt can shut down). We shall see where this all leads, all we know for sure is that debt and leverage has GROWN since the last collapse, so can the next one be far behind?
China Halts Bank Cash Transfers
In short, there will be a three-day suspension of domestic renminbi transfers. There will also be a suspension, spanning nine calendar days, of conversions of renminbi to foreign currency.
The specific reason given"system maintenance" at the central bankis preposterous. It is not credible that during the highest usage period in the yearthe weeklong Lunar New Year holiday beginning January 31the central bank would schedule an upgrade and shut down cash transfers.
A better explanation is that the country's banking system is running dry.
Read more at http://www.maxkeiser.com/2014/01/china-h...t5WqpxR.99
China Halts Bank Cash Transfers
Posted on January 26, 2014 by Stacy Herbert 7 Comments ↓
Stacy Summary: Many were oh so concerned about the Chinese who owned some bitcoin. LOL. Anyway, there sure are lots of strange things going on over the past few months with ATM malfunctions' and cash withdrawal limits and now suspension of money transfers (the very essence of bitcoin which no govt can shut down). We shall see where this all leads, all we know for sure is that debt and leverage has GROWN since the last collapse, so can the next one be far behind?
China Halts Bank Cash Transfers
In short, there will be a three-day suspension of domestic renminbi transfers. There will also be a suspension, spanning nine calendar days, of conversions of renminbi to foreign currency.
The specific reason given"system maintenance" at the central bankis preposterous. It is not credible that during the highest usage period in the yearthe weeklong Lunar New Year holiday beginning January 31the central bank would schedule an upgrade and shut down cash transfers.
A better explanation is that the country's banking system is running dry.
Read more at http://www.maxkeiser.com/2014/01/china-h...t5WqpxR.99
China Halts Bank Cash Transfers
Posted on January 26, 2014 by Stacy Herbert 7 Comments ↓
Stacy Summary: Many were oh so concerned about the Chinese who owned some bitcoin. LOL. Anyway, there sure are lots of strange things going on over the past few months with ATM malfunctions' and cash withdrawal limits and now suspension of money transfers (the very essence of bitcoin which no govt can shut down). We shall see where this all leads, all we know for sure is that debt and leverage has GROWN since the last collapse, so can the next one be far behind?
China Halts Bank Cash Transfers
In short, there will be a three-day suspension of domestic renminbi transfers. There will also be a suspension, spanning nine calendar days, of conversions of renminbi to foreign currency.
The specific reason given"system maintenance" at the central bankis preposterous. It is not credible that during the highest usage period in the yearthe weeklong Lunar New Year holiday beginning January 31the central bank would schedule an upgrade and shut down cash transfers.
A better explanation is that the country's banking system is running dry.
Read more at http://www.maxkeiser.com/2014/01/china-h...t5WqpxR.99
"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx
"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.
“I think it would be a good idea” Ghandi, when asked about Western Civilisation.
"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.
“I think it would be a good idea” Ghandi, when asked about Western Civilisation.