View full page at forexfactory.com

 

Lessons from the Rock for Europe's banks

From reuters.com

In November 2010, rumors swirled through financial markets that Spanish bank BBVA (BBVA.MC) was suffering a run on its deposits. The share price fell before excitable traders realized they had made a mistake. In fact the bank was holding a "fun run" in Madrid and customers had lined up outside its branches to get their T-shirts. In a jittery market, talk spread quickly and few things worry bank investors and customers more than talk of a run. Nervous times have returned to the euro zone, and customers are worrying again about whether their savings are safe. Banks, regulators and policymakers in Greece, Spain and ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News