Bank Runs
A bank run occurs when a large number of bank customers withdraw their deposits because they believe the bank might fail. There have been many runs on individual banks throughout history; for example, some of the 2008–2009 bank failures in the United States were associated with bank runs.
Read more about this topic: List Of Banking Crises
Famous quotes containing the words bank and/or runs:
“It was like passing a boundary to dive
Into the sun-filled water, brightly leafed
And limbed and lighted out from bank to bank.
That’s how the stars shine during the day.”
—Wallace Stevens (1879–1955)
“So runs my dream: but what am I?
An infant crying in the night;
An infant crying for the light:
And with no language but a cry.”
—Alfred Tennyson (1809–1892)