NEW YORK — US Bank’s online banking platform experienced widespread disruptions on Monday, leaving hundreds of customers unable to access accounts, make transfers or view balances, according to multiple outage tracking services and user reports.

The outage, first widely noted around midday, affected login attempts, mobile app functionality and ATM services for many users across the United States. The @status_is_down account on X reported that “US Bank’s online banking is reportedly down for hundreds of users right now,” prompting numerous confirmations from frustrated customers who shared similar experiences.

DownDetector and other monitoring sites showed a sharp spike in reports, with the majority citing problems logging in, error messages claiming no account existed despite valid credentials, and complete service unavailability. Some users reported being able to log in intermittently only to encounter blank dashboards or transaction failures.

Customer complaints highlighted the inconvenience during a busy workday. Many described being locked out of essential services, including bill payments, transfers and balance checks. ATM issues were also reported, compounding difficulties for those needing immediate cash access.

US Bank has not yet issued an official statement on the cause or expected resolution time. In past outages, the bank has typically communicated through its website, social media channels or in-app notifications once the issue is identified. Customers are advised to check the bank’s official status page or social accounts for updates as the situation develops.

This marks another instance of major financial institution service disruptions in 2026. Banking apps and online platforms have faced increased scrutiny as customers rely more heavily on digital services for everyday transactions. Outages like Monday’s can cause significant inconvenience and, in some cases, financial impacts for users who miss time-sensitive payments or transfers.

The timing coincided with typical midday banking activity, amplifying frustration among customers who expected reliable access during business hours. Social media platforms filled with reports from affected users, many expressing annoyance at the lack of immediate communication from the bank.

Financial institutions invest heavily in infrastructure redundancy and cybersecurity to prevent such incidents, but occasional outages still occur due to high traffic, software updates, or technical glitches. US Bank, one of the largest banks in the United States, serves millions of customers and maintains a reputation for generally reliable digital services, making Monday’s widespread disruption notable.

For customers impacted, recommended steps include trying alternative access methods such as the mobile app versus website, clearing cache and cookies, or using different devices. In cases of prolonged outage, contacting customer service via phone may provide more direct assistance, though call volumes are often elevated during such events.

The incident highlights the growing dependence on digital banking and the importance of backup access methods. Many financial experts recommend maintaining multiple banking relationships or having contingency plans for temporary service interruptions, particularly for time-sensitive transactions.

US Bank customers have historically received timely resolutions when outages occur, with service typically restored within hours. However, the lack of immediate communication has drawn criticism from some users who felt left in the dark about the scope and expected duration of the problem.

Broader context includes increasing regulatory focus on financial institutions’ digital resilience and customer communication during service disruptions. Outages can trigger scrutiny from regulators and consumer protection agencies, particularly when they affect large numbers of customers or last for extended periods.

Monday’s disruption serves as a reminder of the vulnerabilities inherent in highly digital financial systems. While technology has dramatically improved convenience and access to banking services, it also introduces new points of failure that can impact daily life for millions.

Affected customers are encouraged to document any financial impacts, such as late fees or missed opportunities resulting from the outage, in case compensation or adjustments become available. US Bank has occasionally offered goodwill gestures or fee waivers following significant service interruptions.

As the situation develops, users should continue monitoring official channels for updates. Alternative banking methods, such as visiting physical branches or using debit cards for in-person transactions, may provide temporary relief for those with urgent needs.

The outage also sparked conversations about banking redundancy and the importance of having emergency cash or secondary accounts. Financial advisors often recommend maintaining access to multiple financial institutions to mitigate risks from single-point failures in digital services.

US Bank, like other major institutions, continues investing in cybersecurity, infrastructure modernization and customer support enhancements to minimize future disruptions. Monday’s event may prompt internal reviews to strengthen resilience and communication protocols.

For now, customers are urged to remain patient while technical teams work toward full restoration. The bank’s long history of serving customers suggests a swift resolution is likely, though no specific timeline has been provided.

The incident adds to a growing list of financial services outages in 2026, underscoring the challenges of maintaining 24/7 digital availability at massive scale. As banking becomes increasingly digital, reliability and transparent communication during incidents remain critical for maintaining customer trust.

Users experiencing issues are encouraged to try accessing services periodically, as partial restorations often occur before full recovery is announced. In the meantime, documenting experiences and impacts can help if formal complaints or compensation requests become necessary.

Monday’s outage serves as a practical reminder for all digital banking customers to maintain awareness of backup options and to avoid relying solely on online platforms for time-sensitive financial matters. As the situation evolves, updates from US Bank and user reports will provide further clarity on the scope and resolution of the disruption.

The Securities and Exchange Board of India (Sebi) is reviewing the framework for variable net worth requirements for stockbrokers to ensure that capital requirements are aligned with their operational scale and risk, Chairman Tuhin Kanta Pandey said on Monday.

Currently, variable net worth is linked to 10% of the average daily client cash balance retained by brokers. In April, the regulator proposed a more comprehensive, risk-based approach.

It had then said variable net worth would be computed as an aggregate of two key components: a portion linked to client funds and another tied to the size of the client base.

Sebi also plans to improve price discovery during the listing process through the pre-open call auction mechanism for initial public offerings and relisted securities. The proposed changes are aimed at ensuring “more stable and efficient market openings”, Pandey said at an event. India witnessed 366 IPOs in FY26, raising about ₹1.9 lakh crore, while total equity fundraising had crossed ₹4.5 lakh crore.

Last month, the regulator suggested changes to the pre-open call auction process, including a new methodology for determining base prices for re-listed stocks and a more dynamic mechanism for widening price bands. Sebi is also working on easing compliance requirements for research analysts, including rationalising requirements such as call recording obligations in institutional interactions, Pandey said.

For the mutual fund industry, Pandey said Sebi is proposing a more practical framework for the use of intraday borrowing – not just as a contingency tool, but as an efficient mechanism for managing temporary liquidity mismatches.
On the debt side, the Sebi chief said a working group is sorting out operational details to introduce a market-making framework to improve liquidity in the corporate bond market. “Additionally, Sebi and the Reserve Bank of India are working together to introduce derivatives on corporate bond indices,” he said.

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ET Intelligence Group: South Korea has slipped below India in the global market cap tally, hit by a sharp decline in stocks of chip makers, including Samsung Electronics and SK Hynix. At $4.5 trillion, South Korea’s market cap has lost nearly 10% in a matter of a week.

India’s market cap, on the other hand, has remained more or less unaffected at $4.84 trillion during the period. With this, India has regained the sixth spot on the global market cap tally after ceding it earlier to South Korea last week.

Samsung and SK Hynix have lost 18% and 19% respectively, from record highs hit on June 02 amid a sharp drop in shares of technology companies working in the field of artificial intelligence (AI). Though Indian information technology (IT) stocks, too, showed weakness, their decline was relatively moderate, with the BSE IT index losing 7.5% during the period.

Last Friday, stocks of global companies involved in the AI field faced heavy selling, triggered by a lacklustre guidance from Broadcom — a fabless designer of microchips used in data centres and industrial markets. Despite reporting a strong quarterly performance, the company did not revise the full-year sales outlook, thereby disappointing investors. This also drove a major selling spree across AI-related stocks. The tech-heavy Nasdaq lost over 4% on Friday.

On Monday, the South Korean equity benchmark KOSPI lost 8.3% in a single day, led by a 10% drop in Samsung and nearly 8% fall in SK Hynix. The weakness in the Indian benchmarks was measured; the BSE Sensex and Nifty 50 closed the day 1% lower, while the BSE IT index lost 1.3% from the previous close.

Stellantis is recalling more than 1 million Jeep Wrangler and Gladiator vehicles over a defect that could spark a fire, urging owners to park their vehicles outdoors and away from buildings until a remedy is available.

The recall covers an estimated 1,076,999 model-year 2021–2025 Jeep Wrangler and Gladiator vehicles. In the affected vehicles, an electrical issue involving the wiring for the electric hydraulic power steering pump could cause nearby materials to overheat and potentially ignite, as first reported by the Detroit Free Press and The Detroit News.

“In rare circumstances, this may cause combustible materials to overheat, potentially leading to a vehicle fire,” Stellantis spokesperson Frank Matyok said in a statement to FOX Business.

Matyok added that FCA US, the automaker’s U.S. operating unit, is advising owners to park affected vehicles away from structures and other vehicles “out of an abundance of caution.”

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The automaker said it has not yet finalized a repair but expects a remedy to be available by July.

Once the fix is ready, affected owners will be notified by mail and instructed on how to schedule repairs at their local dealership.

“Affected customers will be notified by first class mail when they can schedule service. FCA US is working diligently to accelerate remedy availability and anticipates a solution no later than July,” Matyok said.

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Depending on the vehicle, repairs may include inspection and replacement of the wiring harness and electric hydraulic power steering pump.

The recall also extends to an estimated 106,258 vehicles in Canada, 23,704 in Mexico and 124,297 in markets outside North America, according to Maytok.

The latest recall adds to a string of safety issues that have affected Jeep models in recent years.

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In late May, Stellantis recalled 419,035 Jeep Grand Cherokee and Grand Cherokee L SUVs over a software defect that could delay side airbag deployment during a crash, increasing the risk of injury, according to The Detroit News.