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Saturday, March 26, 2005
Business in Romania blog
It seems that rumors about Tiriac Bank being in a poor financial state have started to be sent over the e-mail by people with an important interest in this matter.

The e-mail letters speak about major clients of Tiriac Bank who, being aware of the situation, have already started to take out their money from the bank. The receivers of the e-mail letters are being told to do the same, while they have time.

The strategy of these rumors is simple..If you can convince most of a bank's clients to take out their money in the same time, you have a high chance in pushing that bank into bankruptcy.

Still, the letters seem to be only rumors, as NBR officials state that Tiriac Bank is in excellent condition, with all its indices in the right parameters.

I wonder if there is any legal manner in which to trace back the people who originated those rumors...

Posted by Mihai : 3/26/2005 02:06:00 pm Rumors about Tiriac Bank
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