“On Jan. 21, the oldest surviving bank in the world, Banca Monte dei Paschi di Siena SpA, reported that depositors have been initiating a series of bank runs which have put the financial institution on the precipice of collapse, with all attempts to calm account holders having so far failed.  Since last Monday the share price of Banca Monte dei Paschi di Siena SpA has fallen over 46%.  Back in 2007, bank runs on the British financial institution known as Northern Rock ushered in the start of the global financial crisis that culminated in a collapse that would require taxpayer bailouts, and tens of trillions in central bank liquidity.”

http://www.examiner.com/article/italy-bank-runs-could-be-the-northern-rock-signal-of-global-financial-meltdown

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