'Spanish consumers are pulling their cash out of banks at record levels, according to figures released on Tuesday.
Private sector deposits fell by nearly 5 percent in July to €1.509, the Telegraph reported, citing European Central Bank data, as public confidence in the banking system reached all-time lows amid a worsening economic situation.
The news comes after bond markets continued to hammer the debt-ridden euro zone nations Spain and Italy last week.'
Read more: A New Run On The Banks? Spaniards Pulling Cash Out At Record Rates
