More questions than answers?

Headline: More questions than answers? Source: Euromoney Date: September 2000 Author: Erik D’Amato A run on Romania’s biggest bank was stopped in its tracks. The episode highlights nervousness in the system as banks are being readied for sale. Some on the inside say the situation’s not so bad as it looks and that the supervisors […]

Headline: More questions than answers?
Source: Euromoney
Date: September 2000
Author: Erik D’Amato

A run on Romania’s biggest bank was stopped in its tracks. The episode highlights nervousness in the system as banks are being readied for sale. Some on the inside say the situation’s not so bad as it looks and that the supervisors are getting tougher. But foreigners are still asking a host of questions, as Erik D’Amato reports

Earlier this year, Romania’s largest bank, Banca Comerciala Romana (BCR), suffered a humiliating two-day run at the hands of its depositors following the collapse of the country’s largest investment fund, the Fondul National de Investitii (FNI).

       

Many executives and officials blamed the stampede on the irrational fear of retail depositors that BCR was liable for losses at the fund or that the bank was otherwise in trouble.








Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access