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    Home»Finance»Global tech outage hit financial services company Charles Schwab
    Finance

    Global tech outage hit financial services company Charles Schwab

    July 19, 20241 Min Read


    Pekic | E+ | Getty Images

    Amid a widespread 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.

    The issues stem from a faulty software update from cybersecurity company CrowdStrike, which affected businesses worldwide, including airlines, banks and media outlets.

    DownDetector did not show significant outage reports for Vanguard or Fidelity.

    “After the widespread third-party outage, Vanguard’s portfolio management trading functions across all regions are operating as normal and there is no current impact to our products or pricing,” a Vanguard spokesperson said. “We continue to monitor and assess the situation, and are working diligently to ensure business continuity for our clients globally.” 

    Fidelity told CNBC the company was aware of the issues and that it did not appear to be impacted as of midday Friday.

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