Wire · technology
Google Cloud outage disrupts multiple bank sites
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 20 October 2026 · Fusion42 review
A major outage at Google Cloud's europe-west2-b zone caused service disruptions for multiple UK banks, including HSBC, Revolut, Lloyds, and Bank of Scotland, affecting online banking and payment services. The outage was due to a power event, and concerns are growing around concentration risks in cloud providers serving critical banking 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
You must plan for cloud outages as a likely risk after multiple UK banks lost service from Google Cloud. Shifting or diversifying your cloud provider dependency is critical to avoid sudden access and payment failures.
◆ Coverage
35 sources · first reported 20 Oct 2026 · latest 26 Oct 2026
◆ Related on Wire
◆ Topics