Rumours trigger bank run in Hong Kong

[BornAgain123]

http://www.ft.com/cms/s/92281bda-8a3b-11dd-a76a-0000779fd18c,Authorised=false.html?_i_location=htt p%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F92281bda-8a3b-11dd-a76a-0000779fd18c.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fworld%2Fasiap acific

Thousands of panicked depositors queued outside Bank of East Asia’s branches across Hong Kong on Wednesday to withdraw their life-savings on rumours that the lender was in financial trouble.

The territory has seen only one other bank run since its return to mainland China in 1997, when the International Bank of Asia saw large withdrawals in November of that year.

[Doublezero]

This comes on the same day that China said that they would stop giving loans to the USA.........Not good

[Grace thru Faith]

It will be interesting to see what happens on Friday, even in our own country.

[KBKMNN]

Goodness gracious! :shocked

[Resting]

I guess that shows us just how closely linked the US Banks are to CHINA.

Not a good "linkage" to me.

[DerRickster]

There is a run on the bank dear Liza, dear Liza,
There is a run on the bank dear Liza, a run.

So fix it dear Senate, dear Senate, dear Senate,
So fix it dear Senate, dear Senate, fix it.