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Nov 14 (Reuters) – Hong Kong shares fell to their lowest close in more than a month on Thursday as parts
of the city remained paralysed by a fourth consecutive weekday of protests, and as
a drop in index heavyweight Tencent dragged on the broader index.
** At the close of trade, the Hang Seng index was down 247.77
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11. The Hang Seng China Enterprises index fell 0.87% to
10,427.38. ** Anti-government protesters paralysed parts of
Hong Kong for a fourth day on Thursday, forcing school closures and blocking highways and other transport links to disrupt the financial hub amid a marked escalation of violence.
** The Hang Seng was weighed down by losses in index heavyweight Tencent Holdings
Ltd, which dropped 2.32% after the gaming and social
media company posted a surprise 13% drop in quarterly profit.
A sub-index of the Hang Seng tracking the IT sector
fell 1.68%. ** The falls come despite Alibaba Group launching the share
sale for its Hong Kong listing on Wednesday, in what is seen as a boost for the
city. ** The sub-index of the Hang Seng tracking energy shares dipped 1.2%, the financial sector ended 0.83%
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dollar at 08:17 GMT, 0.05% firmer than the previous close of 7.023.
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Ltd, which was down 2.82%, Tencent Holdings Ltd, which
fell 2.32%, and CITIC Ltd , down by 2.3%. (Reporting by Andrew Galbraith; Editing by Subhranshu Sahu)
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CAIRO, Aug 14 (Reuters) – At least 41 people were killed and 45 injured in a fire inside a church
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and Michael Georgy Editing by David Goodman and Raissa Kasolowsky)
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RBS-NatWest bank meltdown rolls on: Chaos to hit millions
all weekend, customers STILL can’t get wages – and it
may last until next week
By ED MONK FOR THISISMONEY.CO.UK and ANDREW OXLADE
Updated: 09:29 GMT, 23 June 2012
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comments
The computer meltdown at NatWest and Royal Bank of Scotland, which left millions unable
to access their salaries, could stretch into next week it emerged today.
The banking group will open 1,000 branches on Sunday, from 9am to midday,
as millions of people are unable to receive money or pay bills because of an ongoing technical crash.
Doors were also kept open until 7pm on Friday and until 6pm today because a huge number of
transactions failed to go through properly.
The problems with account access now rank as one of the worst technical failures at a
British bank.
Enlarge NatWest online banking meltdown: Millions of customers unable to move money or pay bills
as accounts freeze
Up to 12 million people have been affected by the major computer error which was triggered
when a software upgrade was being installed to the payment system.
They have resolved the ‘underlying problem’ but it could be early next week before all the problems have been dealt with
and all payments catch up.
More…
NatWest banking meltdown: Millions of customers unable to move money
or pay bills as accounts freeze and wage payments fail to arrive
CUSTOMER FURY: The NatWest ‘feedback’ site
Can I force NatWest or RBS to cover late payment penalties or extra costs caused by its banking meltdown?
Susan Allen, customer services director for RBS-NatWest retail, told ITV News it
was difficult to say exactly when all the problems would be resolved.
The systems failure, which the company now says began on Tuesday, meant that payments due to be made on Wednesday night, ready for Thursday, did not appear in account balances.
As a result, some customers were blocked from taking money out of cash machines,
while others had internet supermarket food deliveries stopped
after payments were rejected.
CAN I FORCE NATWEST TO COVER ANY PENALTIES?
The crisis-hit bank has so far refused to confirm specifically whether it
will compensate customers if they are hit with late payment
fees from third parties – through no fault of their own.
Our banking correspondent explains customers’ rights when it
comes to getting justice from financial services firms.
READ MORE: Can I force NatWest to cover late payment penalties?
Some people could not use debit cards at tills, including hotel check-out desks, airports and petrol stations.
Some customers were able to access their money
by 4pm Thursday but problems have persisted and customers continued to report being
unable to access their cash this morning. It is unclear whether the problem that stopped payments due on Wednesday night have also blocked payments due for last night.
A statement on a NatWest feedback website said today: ‘Unfortunately
we are once again experiencing technical issues with our systems and account balances have not updated properly overnight.
This means where money has gone into a customers account, there may be a delay in it appearing
on their balance.
‘We can assure our customers that this problem is strictly of a technical nature and we
continue to work hard to resolve this.
‘We also recognise this is an unacceptable inconvenience
for our customers, for which we apologise.’
The company also confirmed the problems were not the result of an external attack on its systems.
RBS, which conducts retail banking under the NatWest, Royal Bank of Scotland and UlsterBank
brands, kept 1,000 of its branches open until 7pm last night to let people take out some money, and opened them earlier today, in order to
assist customers.
At 8am today, an RBS spokesman said the bank was preparing a
new statement to update customers.
Anger: A NatWest feedback website showed customers continuing to report being unable to access their money at
8am on Friday.
There was confusion yesterday with customers reporting problems that were not connected
to payments not being made.
IS THIS BRITAIN’S WORST BANKING SERVICES FAILURE?
Online banking services occasionally go down and customers find themselves locked out, typically for a few hours.
But it’s very rare that these problems last for longer than that.
Last summer, Tesco Bank saw a huge backlash particularly on the reader comments on this
website, when a technical glitch locked customers out of accounts for up four days.
But the full extent of those delays affected only 2,500 people.
The meltdown at RBS-NatWest has blighted up to 12million people.
Tesco promised to reimburse people who could prove they lost out financially as a
result of the confusion. Let’s hope RBS offers the
same response.
Unfortunately for customers of British banks these
sort out of failures will become more common – see below.
For example, staff in one branch in West London told customers they should
only use the bank’s own ATMs to guarantee being able to get money
out. The branch had closed its doors with only two members of staff outside telling customers that they would not know until tomorrow when services
would be restored.
Elsewhere, customer were so alarmed yesterday that they queued at branches to insist that staff hand over all the cash in their current accounts.
After hours of silence, the bank issued a message on its website in mid-afternoon stating: ‘This is an unacceptable inconvenience for our customers for which we
apologise.’
There are fears that many thousands of customers could be hit with penalty charges because regular
standing orders and direct debits, including rent and mortgage
payments, were also affected.
Some are worried they could lose family holidays because
the final instalment of their payments were not transferred
as expected. House purchase transfer payments were also
stalled by the computer failure.
The collapse triggered a string of comment on Twitter from customers, with
some suggesting the NatWest debacle would be similar to the meltdown predicted for Greece if the country crashed out of the euro.
Mother-of-two Lisa Browne, who was sick and off work, tried
to get Tesco to deliver a weekly food shop to her home so she could feed her children. However,
the store called to say it would not accept the order because
her NatWest bank card had been declined.
FIRST-TIME BUYER UNABLE TO BUY HOME BECAUSE
OF BANK ERROR
First-time buyer Milley Colley, 27, was unable to move
into her new two-bedroom flat yesterday because NatWest had not transferred the money.
She attempted to send the funds to her solicitor – two days before the problems officially begun – but
they never arrived.
The freelance photographer was supposed to move into a property in Bow,
east London, but is still in her parents home in Teddington, south-west London, while she waits for the bank to
deal with the problem.
Banking error: Milley Colley, 27, left, was unable to complete her house purchase yesterday because of NatWest’s payment problems while student Kora-Lee Holmes,
21, was stranded in Venice
‘The completion date was yesterday but NatWest have been having problems since Tuesday.
I went into a branch to do a same day payment to my solicitor but
that payment never arrived,’ she said.
‘I phoned NatWest and the person told me it had arrived and there was no problem.
The money left my bank immediately on Tuesday but has still not
arrived.
‘Then yesterday they said they did not know where the money had gone.
‘I have got all my stuff packed up and I had taken the
day off working yesterday and I was ready
to go.’
She is moving into the flat on her own and has funded the purchase through a private family loan. Two other people in the chain are believed
to be affected.
Meanwhile, student Kora-Lee Holmes, 21, was stranded in Venice,
Italy, unable to pay her hotel for the stay
because her bank card was not working.
She missed her flight home while she battled to make the payment
so her father Adrian was forced to spend £200 to re-book her on another one last night.
The Hull University student said: ‘I tried paying the hotel with my NatWest Visa debit card
but it didn’t work and when I got on my online banking I
was unable to transfer any money.
‘I was trying to get the money paid while all the time the
clock was ticking down to when my flight took off. I tried phoning NatWest but there
was a 45 minute queue.
‘I just got the standard response on the website about a temporary problem with the site
and that was at 8.30am Italian time. This didn’t help me.’
She was flying back to Newcastle instead of Manchester because it
was the only flight available.
The weekly paid admin worker, who lives in the Midlands, was relying on her salary going into her account to keep her
in credit. She said: ‘I am really annoyed. My worry is what
is going to happen with the direct debits that are supposed to be going out?’
Lance King and his family were left homeless after the problems at NatWest caused their
house purchase to fall through.
He and wife Gemma had sold their previous property, but could not move into their new one because IT problems meant the money for the sale had failed to appear.
Last night they and their two daughters, aged one and five, were forced
to stay with Mrs King’s parents.
‘It is a complete nightmare,’ said Mr King, 34, from Whiteley, Hampshire.
‘We had a removal van outside the house waiting to get in but because the money was in a NatWest account, we
couldn’t complete the sale.
‘All of our stuff is now in storage and my wife and two children are living with my in-laws.
The stress has been horrendous.’
Although he is not a NatWest customer, Mr King’s move was
brought to a halt because his solicitor’s account is with NatWest.
‘For a big corporate bank it is just unbelievable,’ he added.
Also hit by the problem were first-time buyers Mike Johnson and
his pregnant wife Laura.
The couple were thrown out of a house they thought they had paid for on Thursday
after the problems at NatWest meant the payment did not
go through as expected.
The Johnsons had been allowed access to the newly-built
property after transferring the money to their solicitor’s NatWest client account on Monday.
But the balance still hadn’t arrived on Thursday – so that evening the site manager arrived
at their house and asked them to leave.
‘We had to pack our bags then and there and we are now living with our sister-in-law until this is sorted out,’ Mr Johnson said.
Mark Groom, of Groom Halliday Property Solicitors,
said: ‘If we can’t see the money – whether or not it is actually there – a property sale simply
cannot complete. Because so many completions occur on Fridays, the numbers affected will be huge.’
A NatWest spokesman said they were doing ‘absolutely everything they could’ to fix the problem.
WAS NATWEST’S NEW MOBILE PAYMENTS GIZMO TO BLAME?
Last Wednesday, NatWest heralded a leap forward for its mobile phone
payment technology.
It launched a system – GetCash – that would allow people to
take cash from an ATM without using their cash card, by making a request on their handset.
They are sent a six digit pin number, after making the
request, which can be entered at a cash machine.
The aim, the bank said, was to help people who may have lost or forgotten their card or those who want to leave
their wallet at home.
It was made available to around two and-a-half million customers who already
have the banking app on their phone – on iPhone, Android or BlackBerry
Smartphones, and on the iPad.
The launch comment from Ben Green, head of mobile at NatWest
and RBS, well now have a sense or irony: ‘We’ve heard countless stories
from customers who’ve left their wallet behind, or parents
who need a quick way to send money across to their children immediately.’
The first customers knew of a problem was when their cards were rejected at tills and ATMs.
NatWest put a message on its website in the morning which read:
‘We are currently experiencing technical issues
which mean that a number of customer account balances
have not yet been updated and some of our online services are temporarily
unavailable.’
Student Kora-Lee Holmes, from Hull, sent a tweet saying she had been blocked from checking out of a hotel in Italy and so had missed her flight home.
She posted: ‘Missed my flight home from Venice because NatWest’s server problems…New flights
= £200.’
Customers finally began reporting that their accounts were back up and running, including salary credits, at around 4pm.
NatWest, which has 7.5million personal banking customers, is
part of the Royal Bank of Scotland group, and is 80 per cent owned by the
taxpayer. The bank pledged that no customer would be out of
pocket as a result of the ‘technical’ problems.
‘More technical problems lie ahead for ALL British banks’
Last week, RBS-NatWest launched a mobile banking app that lets people to withdraw money from cash machines using their smartphone.
It is the latest bank to offer such technology as the industry moves towards making smartphones digital wallets.
But the rush to offer new technology may come at a price.
Experts warned that customers of UK banks would increasingly
face such problems because of the rush to deliver new and evermore sophisticated services.
Daoud Fakhri, senior analyst at consultancy Datamonitor Financial Services, said: ‘This episode is emblematic of wider problems facing the banking
sector as a whole.
‘Many providers, being early adopters of IT systems when the technology was
still in its infancy, have been left saddled with inflexible core
systems that are often several decades old, and that are increasingly unable to cope with
the demands being placed on them.
‘The growing expectations of consumers around online and mobile banking means that
the tensions between the provision of ever more sophisticated services
and the capability of core systems to satisfy these demands are
close to breaking point, and this increases the likelihood of episodes such as the NatWest mishap happening again.’
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GRAMBLING, La. (AP) – Antwan Burnett had 18 points and Chilaydrien Newton scored 17 off the bench to lead Grambling
to a 79-72 victory over Florida A&M on Monday night.
P.J. Eason added 12 points and seven rebounds for
the Tigers (4-13, 1-3 Southwestern Athletic Conference).
Reserve Makale Stevenson scored 11.
Milton Matthews scored a career-high 27 to lead the Rattlers (3-11, 0-3).
Sterling Young scored 17.
____ Get poll alerts and updates on the AP Top 25 throughout the
season. Sign up here. AP college basketball: website and website Burnett, Chilaydrien Newton lead Grambling past Florida A&M…
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Jon Jones has blasted those doubting his victory over Dominick Reyes stating that his opponent
and fanbase should be ‘mad at Dom’s conditioning guy’.
Jones successfully defended his UFC light-heavyweight title on Saturday in a
contentious bout against his fellow American at UFC 247 in Houston.
Jones controversially came out on top after a five-round epic in Houston, holding onto his light-heavyweight belt via a unanimous decision of 48-47, 48-47, 49-46.
Jon Jones has taken to Twitter to hit out at those doubting his victory
over Dominick Reyes
Jones controversially came out on top after a five-round
epic in Houston on Saturday night
The 32-year-old’s win at the Toyota Center was met with scattered
applause and loud boos
The 32-year-old’s win at the Toyota Center was met with
scattered applause and loud boos from the crowd with fans on social media branding
the decision as a ‘robbery’.
Tired of hearing his sceptics, Jones took to Twitter on Wednesday night to air his views.
‘I love how whenever I have a competitive fight everyone claims the other
guy won. Guess it just comes with the territory,’ he tweeted.
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‘Dominic out struck me by literally 12 shots. I scored the take downs, was the aggressor, control the
octagon every round, had more significant strikes landed.
Dom completely stopped fighting in the championship rounds and has the audacity to be mad at the
judges.
‘Don’t be mad at the judges, be mad at Dom’s conditioning guy.
Man started to give up when the water got deep and is now going around doing interviews talking about being robbed.
When will these young boys start taking responsibility
that’s what’s wrong with boys these days.
Jones took to Twitter on Wednesday hitting back at those who thought his win was a ‘robbery’
‘At the end of the day, I got to be a part of another classic.
I’m over here in ABQ smiling from ear to ear.
Having fights like that tickles my pickle, it makes me feel so alive.
Makes me feel like a man. Especially when you display having balls
the way I did, nothing but a win.
‘And I know my haters are p****d, which
also makes me really happy lol.
‘Fights like those are the ones fans never forget.
What a way to make history.
‘This will probably be one of the only times
I defend myself about the fight. just glad it has everyone
talking.
‘I don’t think people realise how many ways this has been a blessing for me.
Humbling, record-breaking, financially, a new rival, got
to bring out the dog. #UFC247 is what it’s all about.’
Jones (26-1-1) handed the fourth-ranked Reyes (12-1) his first loss, improving to 15-0 in title fights – meaning he now holds the record for most championship wins in UFC.
And when a fan asked him to setup a rematch with
Reyes, something the beaten fighter wishes, Jones appeared to be receptive to the idea.
‘Someone tell uncle Dana [White] to give me a call,’
he quote-tweeted.
Jones is open to a rematch with Reyes – judging by this response
to a fan on social media
Jones now holds the record for most championship
wins in UFC after beating Reyes at 15
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UFC Fighting
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