“On Sunday morning, while China was taking a weekend breather from the financial fireworks caused by the government’s weeklong self-inflicted cash and credit crunch, customers of the Industrial and Commercial Bank of China, the world’s largest bank, woke to an unpleasant surprise: Their deposits were not available for withdrawal by ATM or teller (online or in-person). Sunday’s outage appears to have started at about 10:30 a.m., and by 11 a.m. there were photos on Sina Weibo of stymied bank customers left mulling in shut-down bank lobbies.”
http://www.bloomberg.com/news/2013-06-25/why-did-chinese-atms-stop-working-.html
Related posts:
Cop resigns after being charged with selling marijuana from his home
Interest in BitCoin, Fledgling Electronic Currency, Grows
French business erupts in fury against "disastrous" François Hollande
Legal logjam lets troubled cops keep their badges
German police detect neo-Nazi music with new app
John Paulson holds onto gold ETF; Soros buys gold mining shares
Inside the World’s Most Elite (and Secret) Traders’ Club
Bitcoin Seen as Safe Haven in Brazil Boosts Online Trade
How Private Prison Companies Make Millions Even When Crime Rates Fall
Lawmakers, aides may get Obamacare exemption
Trump Promises Death For Killing A Cop, Endorses Police Militarization
Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’
Benghazi air space shut over security fears: Libya source
Spain's Corruption Capital: Trial Highlights Extent of Building Boom Sleaze
Russian channel censored WWII series documenting ‘dark side’ of Soviet war effort