Lloyd's Pulls Deposits From Some Euro Banks

train of thoughts ^ | 092111 | unk

[the invisib1e hand]

Lloyd’s of London Pulls Deposits From Banks on Debt Crisis

Sept. 21 -- Lloyd’s of London, concerned European governments may be unable to support lenders in a worsening debt crisis, has pulled deposits in some peripheral economies as the European Central Bank provided dollars to one euro-area institution.

[dynachrome]

The first ones in a run get their money, if this be what it seems.

[barstoolblues]

uh oh.

[Former Proud Canadian]

uh oh is right.

[hinckley buzzard]

Doesn't matter. In the end it will all be Monopoly money from the Fed.

[the invisib1e hand]

here's zero-hedge's take on it.

[dynachrome]

Siemans pulls $$ from French banks. 2 days ago.

http://www.freerepublic.com/focus/f-bloggers/2780766/posts

[TChad]

http://www.businessweek.com/news/2011-09-21/lloyd-s-of-london-pulls-deposits-from-banks-on-debt-crisis.html

[the invisib1e hand]

well, when you're in the business of pricing risk, and you decide the bank's not worth it, I guess you pull.

However, as Ben has just aruguably sent 400bn to Europe, perhaps it's all going to be OK. Dollars! Dollars! Let them eat dollars!

[2001convSVT]

The great European bank run of 2011 begins.