Czech National Bank has finally put the third-biggest Czech bank IPB under forced administration. The decision has been nigh for weeks, but came as surprise during a business day. The IPB's shares were suspended from the PSE trading yesterday, the bank was losing deposits by billions and it was allegedly siphoning valuable assets out of the bank. Thus, the central bank had little choice. The CNB, though, said that it guarantees all deposits and bonds issued by the IPB. Also, it said that the IPB would remain in operation. The forced administration was accompanied by a police special force occupying the IPB's headquarters under the gun.