Safe and sound, maybe, but bank customers are understandably nervous...

The Bank of East Asia has denied rumours that it is in financial trouble, after thousands of customers queued to withdraw their savings. 

After weeks of global market turmoil, lines of people quickly formed outside the bank's branches in Hong Kong. 

In a statement, the bank said the rumours were malicious and untruthful, and they had informed the police. 

The speculation was believed to have been spread by mobile phone, and drove the bank's share price down by 11%. 

The rumours started earlier this week and customers descended on branches on Wednesday, despite bank staff handing out leaflets to the crowds denying that the bank was in financial difficulty. More...

See also:

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• AIG collapse: panic in Singapore...
• Is it really YOUR money?
• The Bank, the Customer, his Wife and ... Termites!