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Wire · technology

Google Cloud outage hits UK banks after 'power event'

20 October 2026 · By · Wire by Fusion42

Published

20 October 2026

Topic

technology

◆ Sectors

Fintech

◆ Geography

United Kingdom

◆ Source

Read at fstech.co.uk →

◆ Verified

Fusion42 · 20 October 2026 · Fusion42 review

A Google Cloud outage caused by a power event disrupted services for major UK banks including Revolut and Lloyds, highlighting the critical dependency of financial institutions on cloud infrastructure.

This Wire brief sits within Fusion42's coverage of Fintech, and 35 sources have reported it between 20 Oct 2026 and 26 Oct 2026.

◆ ◆ The Wire takeaway

Cloud dependency just caused major UK banks to go offline. You need to rethink your backup and resilience plans without cloud single points of failure.

◆ Coverage

35 sources · first reported 20 Oct 2026 · latest 26 Oct 2026

◆ Related on Wire

◆ Topics

Fintechgoogle-cloudcloud-outageuk-banksfintech-infrastructure