The European Central Bank's payments crash last week meant salaries and welfare funds were delayed for thousands of people.

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An emergency channel had remained open for "very critical payments", the ECB said. The pan-European TARGET 2 Securities (T2S) platform, which is used to complete trades in cash and securities ...

The situation started going south shortly after eight am Frankfurt time on Thursday when the ECB’s system for settling financial trades, Target two Securities (T2S), crashed. The Target two (T2) ...

The European Central Bank’s securities settlement system is working again after a communications shutdown earlier on Thursday due to a hardware failure. The TARGET2-Securities, or T2S, ...

"If it had lasted until Friday, there would have been big risk-management questions for banks," Alistair Milne, a professor of financial economics at Britain's Loughborough Business ...

"As a result of the incident resolution activities also the T2S and Common Component Graphical User Interfaces (GUIs) are unavailable at the moment," the ECB said in a status update. Sign up here.

FRANKFURT (Reuters) - The European Central Bank has taken down some interfaces of its securities settlement system as it works to resolve an ongoing glitch that disrupted communications within that ...