Bank of England investigates Google Cloud outage that hit major UK banks
FROM THE WIRE · UK.FINANCE.YAHOO.COM
Google blamed a 'power event' for its Cloud services going offline - iStock The Bank of England is investigating a Google meltdown that left millions of people struggling to access their banks. Threadneedle Street is demanding answers from the tech giant after problems with its…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA possible regulatory action on banks' cloud providers could affect the banking and tech sectors.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Google blamed a power event for its Cloud services going offline.
- 02Customers of Lloyds, HSBC, Bank of Scotland, NatWest, Halifax and Revolut reported access problems.
- 03The Bank of England could start an official review or restrict Google's work with banks.
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