Guerilla against banks initiated through SMS and telephone calls

Miercuri, 8 octombrie 2008, 16:36 English | Top News

Telephones, SMSs and comments on sites and blogs started announcing the imminent failure of several banks in Romania. The targets are both journalists and readers, clients of the banking system. Such poisonous message attempts to seed panic and distrust in a certain bank, depending upon the interest of the one launching the rumor. The banking system talks about hostile take over attempts by determining massive withdrawals that would lead banks to bankruptcy.

HotNews.ro decided not to publish any information received nor any comments that announce failures with a special target. A banking official declared for HotNews.ro that somebody has a real interest in spreading these rumors.

It is normal that people should worry about their deposists but until now, there have been no real threats about this happening. Those generating the campaign against certain banks know that if 30% of the deposits are withdrawn at once, then that bank is prone to failure.