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:
“O Gold! I still prefer thee unto paper,
Which makes bank credit like a bark of vapour.”
—George Gordon Noel Byron (1788–1824)
“‘Tis said of love that it sometimes goes, sometimes flies; runs with one, walks gravely with another; turns a third into ice, and sets a fourth in a flame: it wounds one, another it kills: like lightning it begins and ends in the same moment: it makes that fort yield at night which it besieged but in the morning; for there is no force able to resist it.”
—Miguel De Cervantes (1547–1616)