BREAKING: Entire Federal Reserve payment system CRASHES with banks unable to send or receive wires
https://www.dailymail.co.uk/news/art...t-CRASHES.html
BREAKING: Entire Federal Reserve payment system CRASHES with banks unable to send or receive wires
The Federal Reserve payment systems used to settle transactions between U.S. financial institutions have suffered a massive disruption due to an 'operational error'.
The system used by U.S. banks to execute some $3 trillion in transactions daily began suffering outages at around 11.15am on Wednesday, and remained out more than three hours later.
'Our technical teams have determined that the cause is a Federal Reserve operational error. We will provide updates via service status as more information becomes available,' the Fed said in a service alert at 2.14pm.
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