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:
“I have passed down the river before sunrise on a summer morning, between fields of lilies still shut in sleep; and when, at length, the flakes of sunlight from over the bank fell on the surface of the water, whole fields of white blossoms seemed to flash open before me, as I floated along, like the unfolding of a banner, so sensible is this flower to the influence of the sun’s rays.”
—Henry David Thoreau (1817–1862)
“Any walk through a park that runs between a double line of mangy trees and passes brazenly by the ladies’ toilet is invariably known as “Lover’s Lane.””
—F. Scott Fitzgerald (1896–1940)