Bank run in Europe

A Dutch bank to be liquidated,  after “a foundation standing up for DSB customers who felt duped by the bank encouraged all savers to withdraw their money”.

Apparently, this bank’s marketing practices have been somewhat aggressive:

“For years DSB has been criticised for the way it sold loans, sometimes to customers unable to carry the interest burden. The catch with loans and mortgages taken at DSB was they came with expensive single-premium insurance policies. DSB received high provisions for the policies, while its customers were forced to loan more money than their homes were worth in order to pay for them.”


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