System failure leaves many workers without their salaries ahead of bank holiday weekend, but bank promises to refund any costs incurred

HSBC has promised to send delayed payments to frustrated customers by Saturday morning after a day of chaos left hundreds of thousands of people without cash on payday, ahead of the bank holiday weekend.

Early on Friday, it emerged many companies that bank with HSBC were unable to pay their staff or suppliers after its IT systems failed.

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Source: The Guardian Circular Economy RSS