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:
“Denouement to denouement, he took a personal pride in the
certain, certain way he lived his own, private life,
but nevertheless, they shut off his gas; nevertheless,
the bank foreclosed; nevertheless, the landlord called;
nevertheless, the radio broke,
And twelve o’clock arrived just once too often,”
—Kenneth Fearing (1902–1961)
“The Roman Road runs straight and bare
As the pale parting-line in hair
Across the heath.”
—Thomas Hardy (1840–1928)