largest bank in germany stops all ATMs

[Large Sarge]

http://www.silverdoctors.com/banking-it-glitch-reaches-germany-deutsche-postal-bank-halts-atm-transactions/?utm_source=rss&utm_medium=rss&utm_campaign=banking-it-glitch-reaches-germany-deutsche-postal-bank-halts-atm-transactions

[gunDriller]

"The IT ‘glitch’ that has entirely shut down RBS’ NatWest Bank and halted ATM transactions at Russia’s largest bank Sberbank, has now spread to Germany’s largest bank, Deutsche Postbank.
Deutsche Postbank Friday reported its own IT glitch that has completely paralyzed its ATM’s nationwide.
While this entire string of 21st Century Bank Holidays has received zero MSM coverage, it is appearing more and more likely that the derivatives domino chain known as insolvency has been triggered."


that's a big call.

are there any other indicators besides the supposed IT glitch, which may have been an intentional "accident" designed to slow withdrawals ?


besides earlier incidents like MF Global and the recent JP Morgan derivatives loss.

when you think about it, it's very logical that there would be an ATM "glitch".

if you were a bank exec. tasked to stave off collapse, "for national security reasons", possibly offered immunity from prosecution - stealing customer money (MF Global) and fvcking up the ATMs begins to look like part of the 'solution'.

[madfranks]

Gotta love all the excuses they have at their disposal.

[Xizang]

I wouldn't have guessed that a bank holiday would happen over a weekend. And simply pulling the plug on the main ATM servers is an excellent way to keep depositors' money. On a weekday, those depositors would have the recourse of walking into the lobby of a branch bank to get their money.