People gather in front of a branch of Rural Commercial Bank of Huanghai in Yancheng, Jiangsu province, March 26, 2014. REUTERS/Carlos Barria
YANCHENG, China (Reuters) - Rural banks in China's eastern city of Yancheng stacked piles of cash in plain view behind teller windows to calm depositors queuing at bank branches for a third straight day on Wednesday following rumours that they had run out of cash.
According to residents of Sheyang county, which includes Yancheng, panic began on Monday with a rumour that a branch of one local bank turned down a customer's request for a 200,000 yuan withdrawal. Banks declined to comment and Reuters was unable to verify the rumour.
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