Linda just came downstairs to tell me that Bank of America's online banking had been inaccessible for several hours. Apparently there was a very active thread about this on Yahoo Answers, but it was pulled just as she tried to post to it herself.
I have trouble imagining how this could happen due to a run-on-the-bank volume problem, unless B of A has done a really bad job in segmenting its systems. No doubt some IT management is distracted by the impending huge acquisition of Merrill Lynch, but that shouldn't be a cause either.
Whatever the reason, this is really unfortunate timing.
Edit: A little after 9 pm Eastern time, I was told the site was finally back up.
Related links
http://latimesblogs.latimes.com/technology/2008/09/bank-of-america.html http://news.cnet.com/8301-1023_3-10047905-93.html http://www.ibtimes.com/articles/20080922/bank-america-039-website-troubles-leave-customers-rattled.htm
Advertisement: |
Curt Monash is a leading analyst of and strategic advisor to the software industry. Praised by Lawrence J. Ellison for his "unmatched insight into technology and marketplace trends," Curt was the software/services industry's #1 ranked stock analyst while at PaineWebber, Inc., where he served as a First Vice President until 1987. He subsequently co-founded Evernet, Inc., a $40 million networking systems integrator. Since 1990, he has owned and operated Monash Research, an analysis and advisory firm covering software-intensive sectors of the technology industry. In that period he also has been co-founder, president, or chairman of several other technology startups.
Curt has served as a strategic advisor to many well-known firms, including Oracle, Microsoft, SAP, AOL, CA, and Netezza. Curt earned a Ph.D. in mathematics (Game Theory) from Harvard University. He has held faculty positions in mathematics, economics and public policy at Harvard, Yale, and Suffolk universities.
The Leader in Network Knowledge
Post new comment