Customers Flock to Withdraw Cash From Myanmar Military-Owned Banks
People line up at a branch of Myawaddy Bank in Yangon on Feb. 16. / The Irrawaddy
5.4k
By The Irrawaddy 16 February 2021
YANGON A large number of people rushed to the Myanmar military-owned Myawaddy Bank in Yangon to withdraw cash on Tuesday morning after anti-coup protesters called for a boycott of military-related businesses.
On Monday, military-owned banks in Yangon opened for only half a day after hundreds of people thronged to withdraw money from their bank accounts as the civil disobedience movement (CDM) gathered strength across the country.
A bank employee at a Yangon branch of Myawaddy Bank on WarTan Street informed customers queuing for services on Tuesday that the bank would service 200 customers a day and that withdrawals were limited to 5 million kyats (about US$3,550) per person. He said customers who were not among the first 200 could return to queue at 8:30 a.m. Wednesday morning.
Workers at Myanmar’s Private Banks Join Nationwide Anti-Coup Work Stoppage
Bankers join a CDM protest on Tuesday. / Myanmar Bankers Union / Facebook
5.2k
By San Yamin Aung 16 February 2021
YANGON Employees of private banks across Myanmar have joined the growing civil disobedience movement (CDM) against the military regime, which overthrew the democratically elected government on Feb. 1.
With a majority of their employees now taking part in the CDM, and endorsing its “no recognition, no participation” approach, private banks nationwide have since Feb. 8 closed almost all branches due to a shortage of staff, resulting in sluggish banking services and financial transactions.
Participating bankers told The Irrawaddy they were continuing the movement for a second week on Monday.
Sia opens up about past relationship with Shia LaBeouf amid abuse allegations
15 Feb, 2021 02:00 AM
3 minutes to read
Australian singer Sia, 45, revealed she had been in an adulterous relationship with LaBeouf, while he was seeing FKA Twigs and reportedly still married. Photo / supplied
Australian singer Sia, 45, revealed she had been in an adulterous relationship with LaBeouf, while he was seeing FKA Twigs and reportedly still married. Photo / supplied
news.com.au
Sia has provided new details on her romance with Shia LaBeouf, revealing they dated at the same time he was in an allegedly abusive relationship with FKA Twigs.
Sia has opened up about her past relationship with actor Shia LaBeouf amid allegations of abuse against the star.
By Patricia Kowsmann and Margot Patrick European banks are using the pandemic to make changes investors have wanted for years: slash jobs, shut branches and force customers online. Germany s second-largest lender, Commerzbank AG, said Thursday that it would cut a third of its domestic staff and almost half of its bricks-and-mortar presence after pressure from U.S. shareholder Cerberus Capital Management. Bank mergers under way in Italy and Spain are expected to close thousands of overlapping branches. Business consulting firm Kearney predicts one-quarter of Europe s 165,000 bank branches will be gone in three years. Banks are one of Europe s economic weak links, and they have been slow to change. Compared with U.S. peers, European banks struggle to make enough money to support lending growth. They came into the Covid-19 crisis still digesting a mountain of bad loans from the sovereign-debt crisis that started more than a decade ago.