Another bank "system error"

[Ibmekon]

It seems only a few weeks ago there was a major month long banking
computer systems failure at the RBS banking group in the UK.

http://www.computerweekly.com/news/2240160860/RBS-computer-problem-costs-125m

Today there is news of another failure ;

Headline - "Lloyds TSB and Halifax customers unable to access cash"

From
http://www.guardian.co.uk/money/2012/oct/05/lloyds-halifax-customers-unable-withdraw-money-systems-error


Coincidentally, yesterday the BBC correpsondent Robert Peston wrote ;

From
http://www.bbc.com/news/business-19842201

...£143bn of high quality mortgages on the books of Lloyds - and it
calculates that Lloyds holds just £314m of capital against..

... Lloyds seems to have lent 455 times the value of the capital...

...o put this in another way, just 0.2% of these mortgages would have
to go bad for this capital to be wiped out...

... Basel ll.... to the biggest banks to use their own internal risk
models to determine the riskiness of categories of loans...



We seem have gone on from self certified loan applicants to self
certified lenders.


Carl Goldsworthy

Never keep up with the Joneses, drag them down to your level.

[grey...@mail.com]

On 2012-10-06, Ibmekon <Ibmekon> wrote:
>
> It seems only a few weeks ago there was a major month long banking
> computer systems failure at the RBS banking group in the UK.
>
> http://www.computerweekly.com/news/2240160860/RBS-computer-problem-costs-125m

And also on lesser, but related systems, such as Ulster Bank. Rumored
to have _some_ connection with RBS plans to transfer their IT work
to India. Ulster sprung 25 euros to their affected customers for
compensation.

>
> Today there is news of another failure ;
>
> Headline - "Lloyds TSB and Halifax customers unable to access cash"
>
> From
> http://www.guardian.co.uk/money/2012/oct/05/lloyds-halifax-customers-unable-withdraw-money-systems-error
>
>
> Coincidentally, yesterday the BBC correpsondent Robert Peston wrote ;
>
> From
> http://www.bbc.com/news/business-19842201
>
> ...�143bn of high quality mortgages on the books of Lloyds - and it
> calculates that Lloyds holds just �314m of capital against..
>
> ... Lloyds seems to have lent 455 times the value of the capital...
>
> ...o put this in another way, just 0.2% of these mortgages would have
> to go bad for this capital to be wiped out...
>
> ... Basel ll.... to the biggest banks to use their own internal risk
> models to determine the riskiness of categories of loans...
>
>
>
> We seem have gone on from self certified loan applicants to self
> certified lenders.
>
>
> Carl Goldsworthy
>
> Never keep up with the Joneses, drag them down to your level.
>
>
>
>
>
>
>

--
maus
.
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...