Name: Chinese Bank Runs - No Access To Cash For 60 days
Uploaded: 2022-06-14T16:00:22+00:00
Duration: 8 min 51 s
Description: Today I talk about the bank runs happening in China. What's most interesting is that for the last 60 days patrons have not had access to their money. What started out as a bank update turned into a to

3 years ago

Today I talk about the bank runs happening in China. What's most interesting is that for the last 60 days patrons have not had access to their money. What started out as a bank update turned into a total bank shutdown. After a recent forum China realized how vulnerable it was to possible Cyber Attacks. This was the original excuse. Depositors lost access to online and eletronic transfers. When bankers try to withdraw money, they are not able to. People are beginning to protest in China over not having access to their bank accounts.

====Credits=====

https://www.asiamarkets.com/chinese-banks-run/

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