CNBC (March 1)
“A run on Russian banks is underway.” In the wake of “unprecedented sanctions” imposed by the EU and U.S. for the invasion of Ukraine, the ruble “dropped dramatically in Monday’s trading. Lines at ATMs snaked down sidewalks and around buildings in Moscow and at Russian banks in Europe as depositors rushed to withdraw cash.”
Tags: ATMs, Banks, Depositors, EU, Invasion, Lines, Moscow, Ruble, Run, Russia, Sanctions, Trading, U.S., Ukraine, Unprecedented, Withdraw
American Banker (November 5)
“The closing of three banks in the span of a week should be viewed as a reason to exercise caution — though it is too early to expect a run of failures. Regulators shuttered City National Bank of New Jersey, Louisa Community Bank and Resolute Bank between Oct. 25 and Nov. 1. It had been four years since two banks failed on the same day.”
