Vietnam to put leading Saigon Commercial Bank Lender under ‘Special Scrutiny’ after bank run


HANOI, Oct 15 (Bloomberg): Vietnam’s central bank will place Saigon Commercial Bank under "special scrutiny” after customers pulled their savings from its branches for several days this week.

The State Bank of Vietnam directed four banks to help manage Saigon Commercial Bank, also known as SCB, according to a statement from the regulator. SCB is the nation’s fifth-largest commercial lender by deposits and assets.

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