Finance

Trading Disrupted, Bankers Go Home After Outages Sweep Globe

Some firms told clients they were unable to complete trades
Firms including JPMorgan, BofA, Nomura affected by outages

WATCH: Bankers from Hong Kong and Dubai to South Africa and London have been caught up in the global IT outage. Sonali Basak reports.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Laura Noonan, Leonard Kehnscherper, Archana Narayanan, and Denise Wee

July 19, 2024 at 4:56 AM EDT

Updated on

July 19, 2024 at 11:54 AM EDT

This article is for subscribers only.

Bankers from Hong Kong and Dubai to South Africa and London were caught up in the global IT outage, leaving some unable to log on to computer systems and hobbling others from making trades.

Some staffers at banks including JPMorgan Chase & Co., Nomura Holdings Inc. and Bank of America Corp. were unable to log on to their firms’ systems Friday, with many met with a blue error screen. At Haitong Securities Co., one of the trading desks was out of action for about three hours. In Norway, the central bank said it would have to conduct a banking system liquidity auction via email and over the phone on Friday due to problems with its online system.