Financial crisis of 2007–2008 - BNP Paribas blocked withdrawals from two of its funds
Time: Thursday Aug 9, 2007
Place: U.S.
Details: August 9, 2007: BNP Paribas blocked withdrawals from two of its funds, since there was no liquidity, making valuation of the funds impossible – a clear sign that banks were refusing to do business with each other.
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