Too Big to Fail, Except Online
JPMorgan Chase is America’s second biggest bank, further fattened from gobbling up the carcasses of Bear Stearns and Washington Mutual, so it stands to reason that millions of Americans have been inconvenienced by the inexplicable meltdown of the company’s website.
Online banking has been kaput since Monday night, leaving bill payers stranded and forcing others to schlep to an actual building.
Wait, before you go…
AP via Yahoo:
Chase’s online banking service was down for much of the day on Tuesday. The bank said it stemmed from a technical problem and that it was working to resolve it.
The service went down Monday night, potentially affecting its 16.5 million customers who bank online. Chase spokesman Thomas Kelly couldn’t specify the exact time service was disrupted.
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