Bulgarian bank hit by run, 2nd in a week

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SOFIA, Bulgaria (AP) — A second Bulgarian bank has been hit by a run within the past week, prompting authorities to issue a statement claiming there is no reason for depositors to worry about their money despite reports the financial system is shaky.

First Investment Bank, Bulgaria’s third-largest lender, was the target of media rumors on Friday alleging that it was short on liquidity, causing public panic and a run on deposits.

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