Monday, December 12, 2011

Bank Runs Starting in Latvia

"Reports indicate that Latvia's largest bank may be experiencing a run on the bank as depositors rush to pull their money from the institution amid rumors that it is unsound. The Canadian Press is reporting that thousands of Latvians lined up at bank machines on Sunday to withdraw cash from Swedbank amid speculation that it is facing legal and liquidity problems..."

at http://www.benzinga.com/news/11/12/2197913/bank-runs-starting-in-latvia?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+benzinga+%28Benzinga+News+Feed%29#ixzz1gLg2PYWh