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First HSBC Halts Large Withdrawals, Now Lloyds ATMs Stop Working

Tyler Durden's picture




 

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:

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 ‏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 ‏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?

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.

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Sun, 01/26/2014 - 15:45 | 4368847 fonestar
Sun, 01/26/2014 - 15:47 | 4368854 WarriorClass
WarriorClass's picture

It's been coming for a long time now.

Diversity:

Eventually, Americans will realize that we haven’t had a representative government since 1860, when big business got Lincoln into office and then declared war on the States. Free market capitalism died at the same time, we just didn’t realize it until 1913 when the Bankster cartel formally took over the Federal monopoly on power and money. We’ve had a fascist dictatorship since then and your vote has meant exactly squat. The only way to return to a Jeffersonian Representative Republic is the way our Founders did it in 1775.

Eventually, when Americans find that every person in the world is entitled to a job in the USA, except for them – all in the name of diversity. When they find themselves a dirt poor minority in the country their fathers founded. When they find out that diversity is not THEIR strength, but the strength of their enemies.

Eventually, but not today. Today many Americans will go to work at their corporate jobs chanting the mantra, “Diversity is our strength;” until it isn’t.

And it’s too late.

 

Supply and Demand:

The law of supply and demand dictates that an increase in supply results in a lower price.

An increase in the supply of labor, results in lower wages.

If you want to cut wages in half, double the workforce.

Almost half of the US population is here due to the Immigration Reform Act of 1965 and its subsequent iterations. Add to that the massive amount of work visas, student visas, and refugee visas, and you have doubled the labor market.

Comprende?

http://americandictators.blogspot.com/2013/07/legal-immigration-and-immi...

Sun, 01/26/2014 - 15:53 | 4368866 Lore
Lore's picture

Please stop spamming.

Sun, 01/26/2014 - 15:59 | 4368885 12ToothAssassin
12ToothAssassin's picture

Get your money out of banks while you still can... He who panics first panics best!

Sun, 01/26/2014 - 16:01 | 4368891 Xibalba
Xibalba's picture

was ist los? 

Sun, 01/26/2014 - 16:21 | 4368946 smlbizman
smlbizman's picture

being 3 yrs early feels pretty pretty pretty good right now....

Sun, 01/26/2014 - 16:30 | 4368972 outofideas
outofideas's picture

How long before the ATM's being out means they've ran out of paper or ink as they would be self contained printers.

Sun, 01/26/2014 - 17:25 | 4369089 TeamDepends
TeamDepends's picture

Fear not, they have warehouses full of crisp, new $100 bills, which, after the crisis, will become the new $20.

Sun, 01/26/2014 - 20:09 | 4369484 laomei
laomei's picture

$100s practically are the new $20s already.  Well at least for a portion of the population which still has two nickles to rub together.

Sun, 01/26/2014 - 20:20 | 4369506 akak
akak's picture

When a bank teller asks me if I want "large bills" in my withdrawal, I ask them "Oh, do you have any $500s or $1000s?"

A $50 bill today is worth less than a $20 was worth in 1985, and a $100 bill today is worth about what a $20 was in 1976, and at neither time was a $20 considered a "large bill", so how are $50s or $100s "large bills" today?

Oh, and for God's sake, get FUCKING RID of all those one cent and five cent coins already!  Maybe even the dime, too.  A US quarter-dollar today is worth LESS than what a 'penny' was in 1930, and I can't help but notice that we did not have, nor need, any 1/25 cent coins back then.

Sun, 01/26/2014 - 20:35 | 4369582 Miffed Microbio...
Miffed Microbiologist's picture

Our pm purchases are all in cash and we wait until we have saved 5k to 10k to make the transaction. We gave up on the local bank which wanted to give us 20s for chrissakes! Now we walk into a bank in an affluent part of town and they don't bat an eye. This is chump change for their clientele and I've seen bills as you say handed out. We're shaking like leaves as we go to make our purchase because this represents months of austerity to achieve. I'm sure this is a afternoon shopping budget for the local trophy wives. They probably wouldn't pick up a twenty on the ground if it presented itself.

Miffed;-)

Sun, 01/26/2014 - 21:30 | 4369784 Iam_Silverman
Iam_Silverman's picture

"We're shaking like leaves as we go to make our purchase because this represents months of austerity to achieve."

 

Two words - Concealed Carry.

If you haven't invested in a method to ensure you and your PM's safety, you might as well just leave your doors unlocked.  Always carry.  Always travel in pairs or a larger group if possible.  Wife remains in car (with armament in hand under coat) and friend or one son goes in with me to pick up "investments".  If your LCS (local coin shop) dealer doesn't know you, they may be a bit uncomfortable at first.  Always work with an appointment.

Mon, 01/27/2014 - 00:58 | 4370307 laomei
laomei's picture

Better option: live in a place that isn't a fucking third world shithole?

Sun, 01/26/2014 - 16:21 | 4368947 Katrillion
Katrillion's picture

Alles was nicht fest ist!

Sun, 01/26/2014 - 18:39 | 4369254 unrulian
unrulian's picture

did i just see the same cat walk by twice?

Sun, 01/26/2014 - 17:07 | 4369055 Kirk2NCC1701
Kirk2NCC1701's picture

This too shall pass... e.g. when the billionaires in Davos stop making "large withdrawals" from the banks, to pay for their "small deposits" during the Eyes Wide Shut parties.

Each Mover & Shaker needs money for snow, blow and ho.  What happens in Davos, stays in Davos.

Sun, 01/26/2014 - 17:40 | 4369093 Skateboarder
Skateboarder's picture

Damn right Kirk, it's like going to Space Vegas. All the cash they withdrew probably amounts to what the rest of the six billion, nine hundred and ninety nine thousand, nine hundred of us use in a year. It's like putting two straws in a milkshake.

SLUURRRRP.

edit: damn, now I want a milkshake.

Sun, 01/26/2014 - 15:54 | 4368873 akreitman
akreitman's picture

   Well WarriorClass, I thought I've seen crazy, but you've redefined crazy.     

Sun, 01/26/2014 - 16:13 | 4368922 mvsjcl
mvsjcl's picture

Hardly crazy, just skewed.

Sun, 01/26/2014 - 16:14 | 4368928 thatthingcanfly
thatthingcanfly's picture

Excellent rebuttal akreitman. You thoroughly refuted WarriorClass' central argument.

Sun, 01/26/2014 - 16:18 | 4368943 Overfed
Overfed's picture

Crazy? Nah, just off topic.

Sun, 01/26/2014 - 17:45 | 4369133 WarriorClass
WarriorClass's picture

Only slightly off topic.  The banksters have been putting it to us for a very long time.

Sun, 01/26/2014 - 16:37 | 4368984 logicalman
logicalman's picture

I guess there was no one in North Amercia when the Europeans discovered it?

The white Europeans stole it, so it seems a little hypocritical to talk about immigration control, don't you think?

Sun, 01/26/2014 - 17:23 | 4369087 Oldballplayer
Oldballplayer's picture

I did not steal shit.  I am not going to get worked up over what some English douche did to the Indians 400 years ago.

Give it a rest already.

Sun, 01/26/2014 - 18:11 | 4369189 logicalman
logicalman's picture

Maybe you didn't, but you are living off the proceeds of the crime.

I think you should know that I'm an ex-Brit in Canada. I do think about it.

Countries are just fictions to enable the elite to carve the place up into smaller, easier to manage pieces and nothing more.

Sun, 01/26/2014 - 18:59 | 4369313 Dugald
Dugald's picture

Ah but......The Sins of the Fathers....

Sun, 01/26/2014 - 20:30 | 4369559 StychoKiller
StychoKiller's picture

Let's see what the chief has to say...

Sun, 01/26/2014 - 16:38 | 4368988 Leonardo Fibonacci2
Leonardo Fibonacci2's picture

I told my private banking advisor at HSBC that it is for NUN YURS reasons:  NONE OF YOUR FUCKING BUSINESS

Sun, 01/26/2014 - 15:49 | 4368855 So Close
So Close's picture

There is never just one cockroach.

Sun, 01/26/2014 - 16:25 | 4368959 Sudden Debt
Sudden Debt's picture

NO SHIT!

I have a visa with BEOBANK and my visa is down for a over a week now!

I called them on friday to ask what the fuck is up because I need to pay my silver orders and all they said was "oh yeah, our servers are down and normally all should be fine by monday"!

BEOBANK is the former citybank visa in Europe.
And I just can't find anything on the internet about their server being down!

And I only found out after calling after a week!

Also, I exceeded a deposit on my traders account and half my funds from ING to keytrade are also on hold untill monday!
I supposedly exceed a wire limit, which i never had before and on a sidenote, all accounts have a possitive balance so there's no reason for them to block them!

Sun, 01/26/2014 - 15:59 | 4368887 michael63636
michael63636's picture

I would think these assholes would just print more money.

Sun, 01/26/2014 - 17:06 | 4369053 Pure Evil
Pure Evil's picture

They're working on it, but in the mean time how do you convince those damn Wiemar Germans?

Sun, 01/26/2014 - 17:11 | 4369066 Renewable Life
Renewable Life's picture

It's not "coming down" just yet, but shit is starting to rumble a little around the foundation of this farce known as globalization!!!

I would say what we are seeing right now, is the microphone check at the big show! The Big Euro banks are going......"testing, testing, 1234, microphone check 1..2". They have massive exposure in China's shadow system, but what's even more stress for them right now is Turkey!!! No one saw that one coming, and it's big!

Cyprus will seem civilized, if the big 10 of Euro banks, start to crumble!!

Sun, 01/26/2014 - 19:40 | 4369403 Ban KKiller
Ban KKiller's picture

And another view point...

 

http://www.youtube.com/watch?v=HY3NQUoT89k

 

Sun, 01/26/2014 - 15:47 | 4368850 Bunga Bunga
Bunga Bunga's picture

Calm down, it's just a technical glitch. Banks are fine.

Sun, 01/26/2014 - 15:50 | 4368860 fonestar
fonestar's picture

Probably just some advanced Iranian hacker groups.

Bombs away and print some moar!

Sun, 01/26/2014 - 16:01 | 4368892 CPL
CPL's picture

Bank of Scotland is down.  Probably the IMF looting the pensions and savings accounts just like Cyprus.

http://downdetector.co.uk/problems/bank-of-scotland

Sun, 01/26/2014 - 16:02 | 4368899 fonestar
fonestar's picture

Is this that special weekend we've been hearing about from Paul Craig Roberts et al for the past three years or so?

Sun, 01/26/2014 - 16:11 | 4368918 Winston Churchill
Winston Churchill's picture

No, that will be the entire western world at once.

Another test run.They are almost ready.

Nobody has mentioned the obvious:

Which bank has the biggest gold holding ,and might now need to raise

cash in a hurry.

Look at the big picture.

Sun, 01/26/2014 - 16:32 | 4368975 Skateboarder
Skateboarder's picture

TPTB love test runs. This is just another test run. Gauge response, collect datapoints, create analysis of scaled implementations. Y'know, standard stuff.

The big monty will be all at once for sure. Bam! Corporate media will guide you to your new future.

Sun, 01/26/2014 - 18:21 | 4369208 Bunga Bunga
Bunga Bunga's picture

First test for Yellen. On a weekend!

Sun, 01/26/2014 - 16:42 | 4369001 Fuh Querada
Fuh Querada's picture

and who is the serial downvote fucker on this and other threads? A robot?

Sun, 01/26/2014 - 18:29 | 4369227 akak
akak's picture

Well, speaking of robots/trollbots, AnAnonymous has recently returned, so .....

Sun, 01/26/2014 - 21:45 | 4369828 Iam_Silverman
Iam_Silverman's picture

"AnAnonymous has recently returned"

Because Chinese Citizenism is not always for happily blobbing-up of bank happenings.  Many blobbing up are product of happy productive worker using superior Chinese electronic product for bank business and secret programming to cause concern for cover while honorable Chinese citizenism worker to free islands from unhappiness of evil Japanese overlord.  Keep eye on no money for blobbing up of news report!  Nothing to see in happy Chinese citizen state of South China Sea.  Many happy new citizenisms to be added soon.

Sun, 01/26/2014 - 21:47 | 4369836 akak
akak's picture

You have sagaciously bitten the crustist bit of the nib of the mattering thing with dangdang double lucky vigor upping to the heavens of propitious horsey new year in lunar mode.

Sun, 01/26/2014 - 22:01 | 4369882 Iam_Silverman
Iam_Silverman's picture

In time - all things are mattering.

One must watch the rising sun to the left to see the stars creep up over the horizon on the right.

Sun, 01/26/2014 - 15:46 | 4368851 TBT or not TBT
TBT or not TBT's picture

These aren't the insolvent banks you are looking for. Move along.

Sun, 01/26/2014 - 16:26 | 4368956 akak
akak's picture

I find your lack of faith in the financial system ... disturbing.

Sun, 01/26/2014 - 16:37 | 4368985 unrulian
unrulian's picture

Strong is Fiat. Mind what you have learned. Save you it can.

Do NOT follow this link or you will be banned from the site!