Archive for the ‘Banking’ Category
Royal Bank was stable until March 2004. People who had their money locked in Intermarket Bank withdrew large sums of money from Banco Real, while others moved to the banks that belong to the perception created by the Central Bank has been seen by the market means that bankers were business fraudsters.
Others have withdrawn their money on the basis that if the financial giants such as Intermarket can sink, then it can happen to any bank controlled locally. Royal Bank had an advantage in small towns was the only bank, so people had no choice. However, even here, there was no stable deposits as people follow the transfer of funds to avoid being caught by surprise. For example, in one week, the Royal Bank had withdrawals of $ 40 billion, but the storm without resorting to the Central Bank of accommodation.
At that time, the documents indicate a leak of confidential information began to appear. When confronted, a journalist told the newspaper that public information has been provided by the Central Bank. These reports were intended to sow panic and retreat and expose the bank to the flight of depositors.