The bank that I wrote about earlier, Ginko Financials, has doubled the limit on the amount of lindens you can withdraw to 10,000.

14 hours ago I wrote about the 5,000 withdrawal limit Ginko Financial had imposed; a recent check showed that the new withdrawal limit is 10,000 Lindens.

The Ginko Financial Website is also reporting this, but interestingly is not keeping track of what the withdrawal limit was; a previous post was edited with the new withdrawal limit.

This increase in the withdrawal limit demonstrates that the run on the bank itself may be on the downswing. Source: Ginko Financial Withdrawal Limits Raised to 10,000 Linden

I also just noticed that the article I quoted in the first post on Ginko Financials has added some commentary from the banks CEO who admits their customers were in panic mode and tried to withdraw more than they actually had on hand in the bank.

Second Life’s Ginko Financial was in crisis on Friday after customers panicked and attempted to withdraw more funds than the bank had on hand, forcing it to cap withdrawals to stave off insolvency.

“We are facing a bank run, which has depleted our available reserves,” CEO Nicholas Portocarrero told Reuters in a Second Life interview. He said the company would liquidate some of its assets to raise cash in an attempt to weather the crisis.

“Generally speaking though, I’m looking to borrow short term cash using them as collateral instead of liquidating them,” he said. Source: UPDATE 1 - Second Life bank caps withdrawals amid panic

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