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Afghanistan Tries to Help Nation's Biggest Bank as Panic Continues.
- Source :
-
New York Times . 9/5/2010, Vol. 159 Issue 55154, p8. 0p. - Publication Year :
- 2010
-
Abstract
- CORRECTION APPENDED KABUL, Afghanistan -- In a bid to fend off the threat of a nationwide financial crisis, the Afghan government scrambled to shore up Afghanistan's largest bank on Saturday after lines of frantic depositors mobbed the bank for a third day. The efforts, which an Afghan official said could include the injection of Afghan government funds into the privately owned Kabul Bank, are meant to head off the run on the bank by its customers, who have withdrawn more than $200 million in the past few days amid fears of a wider economic collapse. [ABSTRACT FROM AUTHOR]
- Subjects :
- *FINANCIAL markets
*FINANCIAL crises
*PUBLIC spending
Subjects
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 159
- Issue :
- 55154
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 53394226