De Nederlandsche Bank (DNB) began the process of appointing receivers Monday for DSB Bank NA (DSB) after DSB experienced a “run” when rumors of its insolvency spread via Twitter and other outlets. The rumors started after the DNB’s and the Netherlands Ministry of Finance’s attempts to arrange for the placement of DSB with a consortium of the five largest Dutch banks, including Rabobank, ABN Amro, ING, Fortis Nederland and SNS, failed over the weekend, due to losses and potential losses facing the mortgage and consumer lender. In its press release, the DNB stated that account holders at DSB would temporarily have no access to their funds; however, upon activation of the Deposit Guarantee Scheme (similar to the FDIC in the U.S.), deposits of up to EUR 100,000 (other than subordinated deposits) per account holder at DBS will be guaranteed.