Uncle Li has been retired for ten years and lives on a meager pension from the factory. In order to increase his retirement income, he earned 500,000 yuan from odd jobs and deposited it in a small local bank in Hainan, preparing to use the bank's deposit interest to make more money.
For Uncle Li, this 500,000 yuan is the economic pillar of his entire retirement life.
Who knows, when Uncle Li came to the bank to check the account as usual, the counter lady said that the bank had declared bankruptcy and suspended external payments. Uncle Li was shocked and hurriedly asked about the situation, and learned that all his 500,000 deposits might be lost.
Uncle Li excitedly said that he couldn't understand why a reputable bank suddenly collapsed. The lady reluctantly said that the recent economic situation has caused the bank to fall into operational difficulties.
Uncle Li anxiously asked how much deposit could be recovered, and Miss said that the current situation was unknown and she needed to wait for the liquidation result. Uncle Li only felt that the world was spinning, and the 500,000 yuan he had worked so hard to accumulate for most of his life disappeared.
His face was pale, and he said excitedly that all the efforts of this life were in vain, and how could he survive without financial resources in his later years.
This situation is not only happened to Uncle Li alone, the bank has recently collapsed suddenly, and the customers of many branches across the country have been greatly impacted. Many ordinary elderly and retired workers have deposited their savings in this bank, and as a result, their livelihood has faced a cliff.
This has brought unimaginable panic and consequences to the majority of deposit customers.
Mr. Zhang has lived in Shantou for decades and is a retired clerk. Through his years of work and investment, he has accumulated a deposit of 800,000 yuan. Mr. Zhang deposited the money in a large commercial bank in Shantou, where he planned to use the interest on the bank's deposits to increase his income after retirement.
On this day, Mr. Zhang went to the bank as usual to check his account, but was told that the bank had declared bankruptcy and was facing liquidation. Mr. Zhang couldn't believe his ears and excitedly asked the counter lady to confirm again.
The young lady nodded helplessly, saying that the bank had indeed been operating poorly recently due to various reasons, and had started bankruptcy proceedings.
Mr. Zhang hurriedly asked about his 800,000 deposits. Miss said that according to the regulations, you can pay the full amount within 500,000 yuan, and only part of the compensation can be obtained above 500,000 yuan.
Mr. Zhang was shocked that his 800,000 yuan was the guarantee of his entire life for a retired old man. He kept arguing with the young lady that he must get all his deposits back.
However, the bank's attitude was resolute, and Mr. Zhang had no choice but to accept the reality in despair. A month later, after the bankruptcy liquidation, Mr. Zhang only got back a total of 500,000 yuan in full compensation and a small part of 200,000 yuan.
Most of his savings were wiped out in this way, which brought a huge blow to Mr. Zhang, and his life security was suddenly in danger.
Ms. Ma has a deposit of 200,000 yuan in a village bank in Liaoning. This is the hard-earned money she has saved from years of part-time work, and it has been prepared for many years to save, and it is the down payment she has been looking forward to buying a house and getting married for a long time.
One day, when Ms. Ma came to the bank to check her account, the counter lady said that the bank had closed down. Ms. Ma was taken aback, and she hurriedly asked where her 200,000 yuan deposit went.
Ms. said that the bank was recently found to have internal staff misappropriating customer deposits for illegal operations and profits.
Ms. Ma couldn't believe it, and she was thrilled to hold the bank accountable for its regulatory and security measures. The lady said that the incident happened suddenly, and the bank could not do anything about it. Due to the complexity of the case, Ms. Ma's 200,000 yuan has been illegally transferred and misappropriated, and the possibility of real recovery is very small.
Ms. Ma was so emotional that she fell to her knees and wept bitterly. After so many years of part-time work savings, her dream of buying a house was completely shattered. In desperation, Ms. Ma cursed the greedy and shameless bank insiders that if they were found, they would definitely be made to pay back.
Later, Ms. Ma kept going around to appeal and reported the case, but due to the complexity of the case, there was very little money that could be recovered. The 200,000 represents all the dreams of an ordinary girl, which are shattered in the indifferent reality.
The incident has caused great harm to many depositors like Ms. Ma.
Mr. Zhao is a white-collar worker working in Henan Province and earns a good monthly income. He has amassed a large deposit through his work over the years. In order to obtain higher interest income, Mr. Zhao chose to deposit his money in a newly established local village bank in Henan.
Soon after its opening, the bank was designed to attract customers, offering interest rates on deposits that were much higher than those of state-owned banks. In order to increase his income with a small amount, Mr. Zhao chose to trust and save the money.
He could have chosen a state-owned bank to be more reliable, but at that time, he was greedy for convenience and high interest rates, so he was gullible.
When Mr. Zhao returned to the bank a month later, he was told that it had closed down. It turned out that the bank had problems with its capital chain and did not have deposit insurance, so it could not provide protection for depositors.
Only then did Mr. Zhao suddenly realize that he was the biggest victim.
He went to the counter to inquire about the situation and learned that all his deposits were likely to be difficult to retrieve. Since the bank did not have insurance, it is now simply not in a position to make any compensation.
Mr. Zhao became emotional and asked why the bank did not tell customers the truth when it opened. But now that the bank was empty, he had nothing to do about it.
At this time, Mr. Zhao realized that he had chosen a small bank because he was bent on pursuing convenience and high interest rates. Now that I regret it, this lesson is also a reminder to others not to covet temporary gains and ignore financial security.
He looked at the empty bank lobby with remorse.
Ms. Yang is a white-collar worker who likes to invest, and in order to obtain a higher return on investment, she purchased a high-yield wealth management product launched by a private bank. The bank has only been open for a long time, but the promised yield is very attractive.
In pursuit of performance, Ms. Yang invested all her savings.
At first, the benefits of this wealth management product were indeed very considerable. Ms. Yang is unusually satisfied and optimistic about her investment prospects. But just half a year later, this private bank had a crisis of breaking the capital chain and was ordered by the local financial regulatory department to close down for rectification.
When Ms. Yang heard the bad news, she rushed to the scene of the bank as soon as possible. She saw that the doors of the bank were closed and the walls were covered with seals. Ms. Yang knocked on the door emotionally and demanded an explanation from the bank staff.
But no one answered, and the empty bank was empty.
As an investor in wealth management products, Ms. Yang was told that the bank wealth management products she had purchased had lost all of her money and that she could not recover any of the principal. She demanded that the bank be liable for compensation, but the investment itself was risky and was not covered by the bank's compensation.
Ms. Yang sat on the ground, her face drenched with tears. She remembers her fanaticism and blindness to the bottom of the product, and now it's too late to regret it.
She can no longer get back the savings of so many years, so she can only reluctantly accept the reality.
This incident is a warning to people that they should not covet the short-term benefits of wealth management products, but should choose more reliable wealth management products from large banks. Only prudent investment can ensure the safety of one's assets.
Through these bank bankruptcy incidents, it can be seen that we must be prudent and rational when choosing banks and wealth management products, and cannot blindly pursue temporary convenience and high returns.
First of all, we should keep our funds and savings mainly in large state-owned banks or joint-stock commercial banks, which are strong and reliable, and the probability of problems is very low.
Second, don't be fooled by the high interest rate yields of some small banks and private banks, which will attract us to deposit our money in riskier institutions. The safety factor and financial strength of these institutions cannot be compared with that of large banks.
In addition, we must be cautious when purchasing wealth management products, and we cannot only pursue short-term profit maximization and ignore the risk control of the product.
We should choose the more standardized and controllable wealth management products of large banks.
Only by actively guarding against risks in this way can our property be truly safe and away from all kinds of bank bankruptcy crises that may occur. It's also important for us to secure our retirement.
A total of five banks have been declared bankrupt and facing liquidation, distributed in different regions of the country. They are:
Development Bank of Hainan. This is a joint-stock commercial bank in Hainan that was recently ordered to close due to poor management.
Shantou's commercial banks and Baoshang Bank. Both are small and medium-sized commercial banks in Shantou that were also declared bankrupt due to insolvency.
Taizihe Village Bank in Liaoning. This is a small rural bank in Liaoning Province that has started the liquidation process.
Shangcun Credit Union in Suning County, Henan. This is a grassroots financial institution in the nature of a small rural cooperative, and the capital chain is broken and closed.
The successive bankruptcies of these five banks have caused heavy economic losses to many ordinary depositors and wealth management investors, and the lessons have been extremely painful.