1.   If one bank defaults on its contracts, that leads a series of other banks to default on their contracts in a spiral that gets ever wider.

2.   South Korea is suffering through a string of large corporate bankruptcies and bank defaults.

3.   The ministry, which regulates the industry, will step in before any bank defaults on foreign clients, said Nakai.

4.   First signs of a financial crisis came last week, with the Russian Central Bank suspending some interbank dollar sales and rumors spreading of some bank defaults.

5.   Moreover, rumors of bank defaults have begun to spread despite Central Bank denials, and the ruble continued to drop.

6.   Second, if a bank defaults and goes bankrupt, what will happen to those who deposited their money in the bank?

7.   The first signs of a banking crisis appeared last week, with the Central Bank suspending some interbank dollar sales and rumors spreading of some bank defaults.

8.   The ruble ended sharply lower amid continued fear of bank defaults and further instability of the ruble.