John Carney at CNBC says there are signs that European banks are beginning to undergo a run. Excerpts:

Right now, according to sources I spoke with in Europe, there isn’t much of a sign of retail customers withdrawing funds. But hoping that customers don’t notice what is happening to every other source of bank funding is not exactly a strategy for stability.

The Economist reports that bank funds are hemorrhaging out of Europe via the bond and money markets, and that there are now signs that corporations are withdrawing their money from European banks. Not good. Not good.

Business Insider has a list of 20 banks that will be “crushed” if the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) go belly up. “Crushed” isn’t hyperbole, either, not with the figures in play here. Some very big names, too, including Deutsche Bank, Barclays, and Credit Agricole.