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Barclays and RBS on naughty step: Banks told to explain service meltdown to UK politicos

LucreLout Silver badge

I wonder what would happen if the financial trading systems which move money by the billions and rely on microsecond timing were to fail for a similar amount of time?

Economic armageddon, literally. It'd be the end of days for the world economy.

I know everyone hates banks, but the flip side, is that everyone needs banks; they just often don't know why or how much.

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