Monday, 30 June 2014

Bulgarian banks get aid after 'plot' causes runs

A man stands in front of the a branch of First Investment Bank as people still wait outside at the end of the working time, Sofia, Friday, June 27, 2014. A second Bulgarian bank has been hit by a run within the past week, prompting authorities to issue a statement claiming there is no reason for depositors to worry about their money despite reports the financial system is shaky. First Investment Bank, Bulgaria's third-largest lender, was the target of media rumors on Friday alleging that it was short on liquidity, causing public panic and a run on deposits. (AP Photo/Valentina Petrova) SOFIA, Bulgaria (AP) — Bulgaria sought to stabilize its banks with rescue money on Monday after what the government called a criminal plot to undermine them with rumors triggered runs on deposits.








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