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Global tech outage hits financial services companies, including Charles Schwab

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After a global IT outage, some investors were experiencing disruptions at Charles Schwab, one of the country’s largest brokerage firms.

After a global IT outage, some investors were experiencing disruptions on Friday at financial services companies, including Charles Schwab, one of the country's largest brokerage firms.

A banner across Charles Schwab's website said"certain online functionality may be intermittently slow or unavailable," noting that phone services may be disrupted with"longer than usual hold time." The firm's app warned users not to place trades twice"as duplicate trades may be created," and said the company was"working with the vendor to resolve the issue."DownDetector did not show significant outage reports for Vanguard or Fidelity.

 

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