Australian Banks playing silly buggers

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posted on Mar, 2 2011 @ 09:31 PM
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Over the last few days, Australian banks have been a little dodgy. Early in the week the Commonwealth Bank (Australia's biggest bank) had a major "technical" glitch which left many customers without access to their funds and no way of transferring funds to other accounts.

Commonwealth Bank glitch

Glitch leaves customers short of cash

Money missing after glitch

Then today, Westpac Australia's second biggest bank, is suffering the same fate.

Westpac online accounts suffer delays

This isn't the first time this has happened to Australian banks. Just last year NAB had a major glitch which affected millions of Australians.

National Australian Bank glitch

My question is, does this happen that much in the rest of the world? It's becoming a common occurrence around these parts. Is there something fishy going on? Australian banks say they are fine and dandy, but there are certainly under a lot of pressure from many fronts.

Black swan lurking around Australian banking system

Selling Australian Banks

Are Australian banks about to collapse?




posted on Mar, 2 2011 @ 09:37 PM
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Bank of America had similar problem couple days ago.

www.godlikeproductions.com...

www.godlikeproductions.com...



posted on Mar, 2 2011 @ 09:45 PM
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reply to post by dingleberry77
 


What is the Black Swan?

Should we start emptying our accounts of any savings and put them in safer alternatives?

Will we start seeing more mergers here in Australia?



posted on Mar, 2 2011 @ 09:55 PM
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reply to post by dingleberry77
 


Dunno, i don't use a bank as i do not support terrorism.

Yes you should pull all of your money out of the bank, they are just there to take your cash.



posted on Mar, 2 2011 @ 09:59 PM
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reply to post by dingleberry77
 



Australian banks are not about to go anywhere.






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