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Friday, March 29, 2024

Bank Run Imminent? Catalan Separatists Urge Supporters To Pull Cash From Bank

Courtesy of ZeroHedge. View original post here.

As tension escalate in Spain, Catalan Separatists are potentially about to do some real damage and hit Spain where it really hurts.

In a tweeted message to their 270,000 followers, Assemblea Nacional urged supporters to pull cash from CaixaBank and Banco Sabadell branches between 8 am and 9am Friday to protest at their decision to shift their legal domiciles out of the region…

Demà, prioritàriament de 8 a 9 h, ves a un dels 5 principals bancs i retira la quantitat que vulguis en efectiu. Són els teus diners! pic.twitter.com/TqQUESFOZJ

— Assemblea Nacional (@assemblea) October 19, 2017

As the video begins…

"Go to 1 of the 5 main banks and take out as much cash as you want. Don't forget, it's your money".

As a reminder, both Banco Sabadell and Caxabank – the two largest banks of the Catalan region – moved their corporate headquarters out of Catalonia (with the help of the Spanish government) shortly after the referendum. And now it's time to find out just how solvent (and liquid) the strong Spanish banking system truly is.

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