Thread: Panama’s banking system said safe

More people are taking out their money from banks as they begin to lose confidence in Panamanian financial institutions

The Panamanian banking system appears to be solid, but rumors about the financial global crisis and fraud scandals like the one that provoked the temporary closure of Stanford Bank are taking their toll.

A number of deposit holders have taken their savings from their bank, although the Panama Bank Superintendent has tried to put their minds at rest and assure them that their fears are unfounded, because the banks with general licenses have liquidity above what the law establishes.

Panama’s banking system said safe :: La Estrella Panamá :: laestrella.com.pa :: 2009

I'm a bit concerned after reading this. For the past few days, my bank has been acting strangely. When submitting an online request for a wire transfer, the final submit button (after entering all the information and pre-verifying it) has been turned off. I checked the HTML code and noticed that they intentionally deactivated the submit button via Javascript. The cancel button still works. Obviously, this makes it very difficult to send a wire transfer, and I know enough about banks to suspect that this could be an attempt to slow the outflow of funds.

I'm not going to reveal the name the bank, not even via PM, so don't ask. I don't want to cause a panic (and endanger my own funds), I just want to know if others have noticed any changes or unusually strange behavior when dealing with their Panamanian banks recently, or if I'm reading too much into this and they're just having plain old technical troubles.