By Matthias Williams and Tsvetelia Tsolova SOFIA (Reuters) - One worker at Bulgaria’s Corporate Commercial Bank knew panic was setting in when she spotted colleagues among the anxious depositors lined up to withdraw cash from the troubled bank. The alarm came in part because the week before, on June 13, with television news crews filming, Bulgarian state prosecutors had raided a building in Sofia that housed Corpbank offices. Within days, the Central Bank had seized control of the bank, the fourth-biggest lender in Bulgaria, and suspended its operations for three months. It also stoked uncomfortable memories of a 1996-97 crisis in Bulgaria, when 14 banks collapsed, and followed much more recent bank meltdowns in Ireland, Greece, and Cyprus.
 |
| READ THE ORIGINAL POST AT news.yahoo.com |
