| Display title | Bank Run |
| Default sort key | Bank Run |
| Page length (in bytes) | 5,775 |
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| Page ID | 460698 |
| Page content language | en - English |
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| Page creator | Carlb (talk | contribs) |
| Date of page creation | 17:49, 12 September 2019 |
| Latest editor | Looney Toons (talk | contribs) |
| Date of latest edit | 18:40, 19 June 2023 |
| Total number of edits | 28 |
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Description | Content |
Article description: (description)
This attribute controls the content of the description and og:description elements. | Historically, in a run on the bank or bank run, a widespread rumour that a retail banking institution lacks the liquidity to pay all of its depositors causes large numbers of clients to all attempt to withdraw their funds at once out of fear of losing everything. As banking is based on a fractional reserve system, where an institution holds only a small percentage of its assets under management in cash in order to lend or invest the rest, the rumour that starts the bank run effectively becomes a Self-Fulfilling Prophecy – even if the institution was originally stable, enough clients frantically withdrawing everything at once will break the bank. This was very common during the Great Depression of the 1930s, but there are certainly more recent examples, such as the 2007 collapse of the Northern Rock at the beginning of the Great Recession. |
