Monday, May 20, 2013

Rumors Spark Bank Run, Break-Ins in Brazil

Rumors that Brazil's social security fund called Bolsa Familia was to be cancelled led thousands of people to rush to withdraw money from a Brazilian bank over the weekend.

Customers lined up at ATMs at dozens of bank branches of Caixa Economica Federal, a government-owned bank, which pays the social security subsidy on Saturday and Sunday.

http://www.cnbc.com/id/100750288

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