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Latvia's largest bank fights off depositor run after rumours of imminent collapse
Yahoo News ^ | 12/12/2011 | Not listed

Posted on 12/12/2011 9:16:53 AM PST by FrogMom

RIGA, Latvia - 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.

(Excerpt) Read more at ca.news.yahoo.com ...


TOPICS: Business/Economy
KEYWORDS: bankrun; economy; eurozone
First Greece, now Latvia. Thought they'd made a deal to save the Euro.
1 posted on 12/12/2011 9:17:02 AM PST by FrogMom
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To: FrogMom

Their only problem;

Bernanke doesn’t know who to make the check out to.


2 posted on 12/12/2011 10:39:23 AM PST by maine yankee (I got my Governor at 'Marden's')
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