Rumor Mill- Smoke = Fire?

Okay, there are some questions as to why this months has been big clusterfuck day after day. Noramlly, I'd dismiss this another election type event. But something spooked me I heard from a Wall St. Investment Bank employee (think big). While this is all rumor, it seems about right, that a big bank in Europe is having major ass trouble. The rumor is that one of the major western europe banks is running out money and only has enough left till the end of November. Even worse is that, it's major one stop shop for money laundering. So if it goes under, a lot people who want to keep their money secret will be screwed big time. Has anybody heard this or is it just faux smoke?