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Unread postPosted: Mon Dec 12, 2011 4:17 pm 
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Latvia's largest bank fights off depositor run after rumours of imminent collapse


Latvia's largest bank scrambled Monday to head off a run among depositors who were gripped by rumours of the bank's imminent ruin. Weekend rumours that Swedbank was facing legal and liquidity problems in Estonia and Sweden sent thousands of Latvians to bank machines on Sunday, with some lines reaching as many as 50 people.

Latvians are particularly sensitive to speculation about banks' health. Latvijas Krajbanka, the country's 10th largest bank, was nationalized last month after regulators discovered evidence of massive fraud allegedly carried out by the bank's former owner, Russian businessman Vladimir Antonov. Depositors were deprived of access to their funds for days.

Yahoo

It really is as simple as a rumour... :(



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Unread postPosted: Mon Dec 12, 2011 10:50 pm 
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Unread posts View first unread post Rumours China's bank chief Zhou Xiaochuan has defected

in Questionable Sources

Sandy

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379

Tue Aug 31, 2010 1:20 am

Sandy View the latest post

Unread posts View first unread post BofA backing Credit Default Swaps with depositor money

in Business, Economics, and Finance

Slackvision

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160

Wed Oct 19, 2011 11:55 am

The Founder View the latest post

Unread posts View first unread post Rumours about who might buy GOOGLE

in Questionable Sources

blui

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1179

Thu Dec 06, 2007 11:12 pm

The Founder View the latest post

Unread posts View first unread post Latvia to pull troops out of Iraq by June 21

in United Kingdom - Europe

blui

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344

Wed Jun 06, 2007 9:43 am

blui View the latest post

Unread posts View first unread post Waffen SS veterans march held in Latvia

in United Kingdom - Europe

blui

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Sun Mar 16, 2008 10:31 am

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