Big deal

Computer glitch shuts down trading on New York Stock Exchange

Computer glitch shuts down trading on New York Stock Exchange

Trading on the New York Stock Exchange floor was halted for nearly four hours. The stoppage shortly after 11:30 a.m. local time Wednesday, with all screens displaying a “No quotation” message, according to eyewitnesses. Trading resumed around 3:10 p.m. “We’re currently experiencing a technical issue that we’re working to resolve as quickly as possible. We […]

US banks shaken by biggest fund withdrawals since 9/11

US banks shaken by biggest fund withdrawals since 9/11

US Federal Reserve is reporting a major deposit withdrawal from the nation’s bank accounts. The financial system has not seen such a massive fund outflow since 9/11 attacks. The first week of January 2013 has seen $114 billion withdrawn from 25 of the US’ biggest banks, pushing deposits down to $5.37 trillion, according to the […]