Internet Outages Hit Australian Lenders, Central Bank

Internet Outages Hit Australian Lenders, Central Bank
Australia's Commonwealth Bank is disappointed with Victoria government’s latest decision to ban school banking from 2021 William West/AFP/Getty Images
Reuters
Updated:

Australia’s central bank, the postal service, and several commercial lenders as well as other companies grappled with internet outages on Thursday, disrupting customer accounts and financial transactions before some services were restored late in the day.

The Reserve Bank of Australia said on Thursday it was cancelling its operation to buy long-dated government bonds because of the technical difficulties.