A man reads an announcement by the Rural Commercial Bank of Huanghai in one of the bank branches in Yancheng, Jiangsu province, March 26, 2014. REUTERS/Carlos Barria
YANCHENG, China (Reuters) - The rumour spread quickly. A small rural lender in eastern China had turned down a customer's request to withdraw 200,000 yuan (19,420 pounds).
Bankers and local officials say it never happened, but true or not the rumour was all it took to spark a run on a bank as the story passed quickly from person to person, among depositors, bystanders and even bank employees.
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