A bank run has occurred in Latvia, spurred on by rumors that Swedbank was facing liquidity issues.
BBC News - Panic fuels Latvian run on bank
The police and the owners of the bank are treating the rumors as lies, with the police investigating so that they can see who started them.
To me the truth of the rumors is immaterial: the climate is so panicky there that people are forming bank lines on mere rumors on Twitter and Facebook. That concerns me.
BBC News - Panic fuels Latvian run on bank
The police and the owners of the bank are treating the rumors as lies, with the police investigating so that they can see who started them.
To me the truth of the rumors is immaterial: the climate is so panicky there that people are forming bank lines on mere rumors on Twitter and Facebook. That concerns me.
