Euro Bank Run Shifts To Insurance Companies As Lloyd's Of London Pulls Cash From European BanksQuicklink submitted by Amanda Lang Permalink
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|First it was US money markets; then it was various European industrial concerns (which somehow double down as banks); then it was China; now the bank runs shift to insurance institutions when, as Bloomberg reports, Lloyd's of London has decided to pull peripheral Euro bank deposits. What next: complete collapse of European interbank market as bank runs become a daily thing at both the retail and institutional level?|
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