LONDON (dpa-AFX) - HSBC Holdings Plc. (HSBA.L, HSBC) said Friday that about 275,000 payments from U.K. business customers haven't been made on the final business day of the month, when many salaries in the country are paid.
The bank said that it is taking immediate steps to ensure the payments reach beneficiaries as quickly as possible. It will work with other banks to ensure that customers do not lose out as a result of today's problems.
The bank said in Twitter post that the problem is with the BACS system, which processes electronic payments. It has not elaborated on the exact cause of the problem or when it expects its systems to be fixed.
Copyright RTT News/dpa-AFX