(Reuters) - The Spanish government denied a newspaper report on Thursday that customers had withdrawn more than 1 billion euros (822 million pounds) from the partly nationalised lender Bankia (BKIA.MC) over the past week
Economy Secretary Fernando Jimenez Latorre denied a deposit flight was underway. "It's not true that there is an exit of deposits at this moment from Bankia," Latorre, a senior official who reports to the economy minister, told a news conference.
Bankia tried to reassure its customers. "Bankia's operations have been within their usual parameters at the branch network over the past few weeks," it said in a statement. "The trend in activity shows deposit balances will not register substantial changes in the next few days."
There was no sign of any abnormal activity at Bankia branches in Madrid on Thursday. A few clients told Reuters that they had checked in with their branch manager regarding their deposits, but most said they were not moving them.
"I've got two accounts in Bankia and up to now I haven't shut them. I'm not even considering it," said Jose Ignacio Gonzalez, 42. "It has to be safer with state backing. It's got a guarantee."
http://uk.reuters.com/article/2012/05/1 ... 9220120517
Makes sense there hasn't been a single bank run on a nationalised bank, in contrast most nationalised banks have seen an inflow of capital since the savers see nationalisation as a form of insurance.
This is starting to look like the famous secret EU meeting last year, and some other articles. And in the summit case confirmed as being caused by a journalist being fed complete misinformation by an anonimous source and not cross-checking his information in his hurry to make the presses.
Wouldn't surprise me if some people make a lot of money over planting these types of stories at the right moments, and having the right shorts in place.
BRUSSELS - The European Commission has said it its ‘not aware' of any secret emergency meeting in Luxembourg on Friday evening to discuss the exit of Greece from the eurozone, as German newsweekly Der Spiegel's online edition has reported.
Meanwhile, the spokesman for eurogroup chief and Luxembourg Prime Minister Jean-Claude Juncker, Guy Schuller told Reuters: "I totally deny that there is a meeting, these reports are totally wrong."
The Dutch finance minister is in Rotterdam, not Luxembourg tonight, the country's foreign minister reported.