Triggers 10 k fun run on Spanish bank BBVA
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Friday, rumours, seems to be on London deals floors, quickly began circulating that Spanish lender BBVA was facing "liquidity problem".
The febrile post-financial crisis market atmosphere speculation, followed reported thousands of people queuing outside of BBVA Spain gained traction and share across branches view dropped 35 cents in two hours as traders and investors took fear the prospect of a new banking crisis.
Queues and then - was BBVA Piedra del Norte the Spain? PAS entirely.
Queues outside litter branches were panicked not savers want to withdraw their loot but runners in Solidaria de Carrera de Madrid.
Far from withdrawing their economies, the queues were composed of riders try to get their number in the 10 km race sponsored by BBVA, which will be held on Sunday.
"We were a little surprised by the reaction," says a source at the Bank, "it will just show all the rumours suggest you you hear".
A London-based merchant summarized the situation say: "Welcome to Friday madness."
Recovered quickly BBVA shares market resulting race on the shore is actually a term, while stock prices close the day in a little more 2pc, but this reflects the large decrease in European Banking Awards Friday.
BBVA is symptomatic of the pursuit of stability of Spanish banking system, which will remain under close control with many analysts still concerned about the financial strength of a large number of the largest funders of the country market concerns.
Sovereign debt crisis reemerging Business Spanish is still considered by many investors as very risky.
