Has RBS run out of cash?

Debt_Free_Chick

ILW wrote: »

I wonder if some bod actually got the "are you sure you wish to continue" message?

:rotfl:

There are other similar hilarious suggestions on the blog on the Register - some of them from ex RBS IT folk.

Apparently, the instructions given to the Indian team, where much IT was outsourced to, included

"Try turning it off then on again. If that doesn't work, p e e in the socket :rotfl: :rotfl: :rotfl:

paddyrg

http://www.theregister.co.uk/2012/06/25/banking_fail_rbs_natwest/

A rather good article for the OP about liquidity and technology etc.

GoPD

Recently when Barclays updated their own website their online banking service was unreliable for several weeks and all their own contact forms didn't work, which took them over a month to 'fix.' so I can't say I'm that surprised with this. worrying as it is.

purch

PaulF81 wrote: »

Seems a pretty lame excuse

to start a stupid thread :eek:

It appears that some people are in danger of running out of brain cells (not that they had too many to begin with)

Debt_Free_Chick

Over the past week I've withdrawn £1,000 from my RBS account, from ATMs and also processed a further c£500 via my debit card.

All DDs and SOs have also been paid

Whilst that's not a scientific analysis, I'd suggest that "no" they've not run out of money.

HTH

moneyinmypocket

I believe the sw glitch story - the back end systems are very out of date - I bet there running server 2000 or at v most 2003, back in 06 they where on NT

Debt_Free_Chick

moneyinmypocket wrote: »

I believe the sw glitch story - the back end systems are very out of date - I bet there running server 2000 or at v most 2003, back in 06 they where on NT

Apparently, they're still running 1960s mainframes :eek::eek:

amcluesent

So are many of the banks, airline booking systems, etc etc. The IBM 360 is core to them all.

Generali

Debt_Free_Chick wrote: »

Apparently, they're still running 1960s mainframes :eek::eek:

That was certainly the case for one of the other clearing banks in 2000. I was paying £000,000,000s a day across the world on an orange-screened terminal.

PaulF81

Out of interest gen, what were the procedures in force for moving such sums? Was it down to an individual, or did you have to have a cross check before executing the transaction with another party?