Prompted by rumors of Wall Street's financial crisis spreading overseas, panicked depositors withdrew their money from the Bank of East Asia on September 24, 2008, causing a "run" on the assets of Hong Kong's third-largest bank.New York Times: Anxious Depositors Withdraw Cash From Asian Bank (September 24, 2008) The stock value of the Bank of East Asia dropped 6.9% by day's end, despite assurances from bank officials that the Wall Street crisis would have negligible effects. New York Times: Anxious Depositors Withdraw Cash From Asian Bank (September 24, 2008)