Myanmar CrisisMyanmar junta targets banks in push against 'foreign interference'
Sector also threatened with forced transfer of accounts to military-linked entities
People sit outside a closed bank in Yangon on March 8: Myanmar's military rulers have threatened to seize deposits from commercial banks that stay closed under pressure from protesters. © EPA/Jiji
GWEN ROBINSON, Nikkei Asia editor-at-large and RORY WALLACE, Contributing writer
YANGON/BANGKOK -- Myanmar's military government is increasing pressure on private banks to reopen by threatening the forced transfer of private deposit accounts to military-controlled banks, a move that would hasten a reversal of the liberalization begun under former President Thein Sein a decade ago.