Processing glitch holds up a 'small percentage' of bank deposits since Thursday, overseer says

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Processing glitch holds up a 'small percentage' of bank deposits since Thursday, overseer says
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A glitch in the network that processes electronic transfers between nearly all U.S. bank accounts has led to delays in settling deposits, some of which remain stalled. That's according to the private company that operates the system.

<p>SAN FRANCISCO — A processing glitch in the network that processes electronic transfers between nearly all U.S.

 TCH, as the company is known, is owned by a group of 22 major banks, including Citibank, Wells Fargo, Bank of America and J.P. Morgan Chase.

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