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Friday, September 3, 2010

Run At The Kabul Bank Alarms Everyone. U.S. Treasury Being Asked To Bail Them Out

Run At The Kabul Bank Alarms Everyone. U.S. Treasury Being Asked To Bail Them Out
Afghan customers inside the main branch of the weakened Kabul Bank, whose losses might exceed $300 million. Adam Ferguson for The New York Times

Afghans Pull Money From Troubled Kabul Bank -- L.A Times

Officials say the bank is safe despite reports of massive losses.

Reporting from New Delhi and Kabul, Afghanistan — Afghans on Thursday rushed to withdraw their savings from troubled Kabul Bank despite attempts by officials to reassure nervous depositors that their money was safe.

But the scramble, which followed U.S. news reports that Afghanistan's largest private bank faced liquidity problems, had not yet risen to the level of a bank run.

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