RBS 'Glitch' Goes Airborne As Biggest Russian Bank Halts All Credit, Debit Card Operations

Tyler Durden's picture

It seems IT professionals around the world are #failing as 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 from Interfax:

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...