Anxious Depositors Withdraw Cash From Asian Bank
NYTimes
25 Settembre 2008
HONG KONG — Throngs of depositors lined up outside the headquarters and branches of the Bank of East Asia here on Wednesday to withdraw their money, highlighting widespread anxiety in Asia that Wall Street’s recent difficulties might spread across the Pacific.
The Bank of East Asia, Hong Kong’s third-largest with $51 billion in assets, said that malicious rumors that the bank was in distress had begun spreading through cellphone text messages late Tuesday, and the Hong Kong police said they would investigate. The Hong Kong Monetary Authority and the bank itself denied that there was any basis to the rumors.
Depositors who lined up outside the company’s headquarters in the city center said that after the failure of Lehman Brothers, they no longer fully trusted any financial institution. “If a business as big as Lehman can go down, then we’re scared,” said Ann Chan, an off-…
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