Major US banks slammed with deposit delays

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Major US banks slammed with deposit delays
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Bank of America, Wells Fargo, Chase among banks affected by processing issue.

Several major U.S. banks on Friday experienced outages caused by a processing issue that led to deposit delays for customers.

“All Federal Reserve Financial Services are operating normally,” the Federal Reserve said in the afternoon. The Clearing House runs EPN, the payments network that the Federal Reserve pointed to as having experienced the issue. The EPN “handles essentially half the U.S. commercial ACH volume,” according to its website.

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