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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST

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To: goldsnow who wrote (15455)2/9/2000 3:28:00 PM
From: long-gone  Read Replies (1) of 116764
 
OT(?)

Wednesday February 9, 10:05 am Eastern Time
Romanian Bank Declared Bankrupt
BUCHAREST, Romania (AP) -- A Romanian bank which owed hundreds of thousands of creditors almost $15 million has been declared bankrupt, a bank official said Wednesday.

After a tense meeting between creditors and bank officials on Tuesday, the Bucharest Court declared the beleaguered Bankcoop bank insolvent, the daily Cotidianul reported.

``The court ruled that bankruptcy proceedings should begin,' said Gabriela Spranceana, a Bankcoop spokeswoman. She declined to say whether the bank would contest the court decision.

The bank, which owes $14.5 million, can contest the decision before the Supreme Court within 15 days.

A few hundred of the 600,000 account holders who lost money threw coins at the court windows in a sign of protest, the paper reported.(cont)
biz.yahoo.com
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