The Bank of England is investigating a Google Cloud outage that left millions of people struggling to access their banks. A problem at a London data centre disrupted services at several of Britain's biggest banks, including Lloyds, HSBC, Bank of Scotland, NatWest, Halifax and Revolut, leaving customers unable to withdraw money or pay by card. Google blamed a “power event” without giving details. The FCA, Bank of England and PRA are in contact with Google, and in the most extreme case it could face an official review or restrictions on working with banks. The Treasury committee has asked regulators to explain their response and raised compensation for affected customers, while former minister John Glen called for the security systems of Google, Amazon and Microsoft to be investigated.
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GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/19/2026 | 344.18 |
| Change that session | +1.05% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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