A BANKING SENSATION.
Rome, November 30. The Credito Mobiliare has asked for a moriiorium, and the announcement has created a sensation in the city. . . "Moratorium” is the term applied to a period during which the business of financial institutions is suspended by order of the authorities, as was the case in. Melbourne lately, when the Government proclaimed a bank holiday of five days. Rome, December 1. The Credito Mobiliare has suspended payment owing to a run on the bank, >.> The liabilities in August amounted to twenty-one millions. During the run6o,ooo,ooolire (£2,400,000) were withdrawn from the Credito Mobiliare. Two-thirds of the assets are still intact. Rome, December 2. The moritorium asked for by the Credito Mobiliare has been granted. -
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Bibliographic details
New Zealand Mail, Issue 1136, 8 December 1893, Page 36
Word Count
118A BANKING SENSATION. New Zealand Mail, Issue 1136, 8 December 1893, Page 36
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