We heard about this from some women we know who were in Italy. The 4 conservative gals said it was scary, the one liberal said that it was nothing to worry about.
There was a trailer on the local Fox News yesterday morning and nothing else.
Google and other search sites showed nothing via my service or froze when I tried to find this story. I had a internet freeze on my computer about 40 minutes ago when I tried to search for this story.
I just got the following, and it is starting to appear on some of the other search sites:
http://blog.alexanderhiggins.com/2012/06/11/major-italian-bank-freezes-all-customer-accounts-143851/
‘Financial difficulties’ force Bank Network Investments SpA (BNI) to begin a Bank Of Italy authorized freeze on all customer accounts.
On May 31st Bank Network Investments discretely posted an announcement on their website that they would be freezing all of their customers accounts for 1 month freeze on citing financial difficulties.
The announcement was posted and the bank gave customers 7 days to act before the Bank of Italy approved freeze went into effect.
The bank’s customers are saying they were completely unaware of the notice being posted and are just now finding out about it when they go to the bank or the ATM for the first time.
The media certainly hasn’t reported on it and news of the freeze is only now starting to make its way around the internet after a complaint was posted on the popular Italian consumer rights website Adiconsum along with a photo of a shutdown ATM.
The freezing of the customer’s deposits, in a nation that apparently doesn’t have a mechanism like the FDIC to insure customer deposits against losses, has sent a shockwaves of terror across Italy raising fears that other customers will lose their deposits entirely.
In turn speculation is growing that other banks in Italy and across Europe may soon suffer the same fate as Europe officials announce they are planning ATM and Bank withdrawal restrictions to deal with a Greece exits from the Euro.
A Google News search shows no corporate news reports on the web.
A Google web search shows only a series of blogs and forums discussing the story that I am reporting on now.
ZaZoom reports: (auto translated from Italian)
Fear of bank runs here could be Hussein’s excuse to declare martial law. Add runs in with some other crisis he won’t let go to waste to incite riots and there you have it.