Analysts: Europe Bank Run Is Under Way -- CBS(MoneyWatch) It used to be that you knew a bank run was under way when you saw crowds outside a bank trying to get in and get their money. This is another thing that online banking seems to have gotten rid of. Despite the lack of crowds, many analysts believe what had been a "jog" by big European investors (with the exception of Germany) is now a sprint.
On Monday Gavyn Davies, who chairs Fulcrum Asset Management and is an adviser to the British government, wrote in the Financial Times:
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My Comment: A more detailed analysis on the 'bank run' in Spain can be read here.
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