It is an obvious conclusion that market participants are making that corporate deposit outflows from certain Italian, Spanish, and perhaps some German and French banks is likely so this type of volatility is sure to continue until the deposit figures for each jurisdiction in the periphery are published in the aftermath of the Cyprus debacle.

FORBES: Cyprus: Europe Rolls the Dice on its Banks

Yet they cannot reduce deposit rates without triggering even more outflows of cash.

FORBES: China Tries to Rescue the Economy, Depositors May Say "No"