"Major mistrust of European banks continues. Since the ECB will not publish
banks needing emergency cash, all banks might be considered suspect. Then again,
it's hard to keep stories quiet, and most know which banks have received
emergency funding.
Regardless, the run continues as Lloyd’s of London Pulls Euro Bank Deposits
Regardless, the run continues as Lloyd’s of London Pulls Euro Bank Deposits
Lloyd’s of London, concerned European governments may be unable to support lenders in a worsening debt crisis, has pulled deposits in some peripheral economies as the European Central Bank provided dollars to one euro-area institution.at http://globaleconomicanalysis.blogspot.com/2011/09/euro-flight-continues-lloyds-of-london.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
“There are a lot of banks who, because of the uncertainty around Europe, the market has stopped using to place deposits with,” Luke Savage, finance director of the world’s oldest insurance market, said today in a phone interview. “If you’re worried the government itself might be at risk, then you’re certainly worried the banks could be taken down with them..."
