run on the banks
Panicked depositor exodus
A run on the banks is a financial crisis in which large numbers of depositors simultaneously withdraw their money, fearing their bank will fail.
The panic becomes self-fulfilling—banks don't keep enough cash on hand to pay everyone at once, so the rush itself causes collapse.
The stock market crash triggered runs on the banks across the country.
The singular bank run or run on the bank describes the same phenomenon at a single institution.
- depositorsThose who bank funds
- financialRelating to money
- bankruptcyLegal status when insolvent
- panicsLoses control from fear
- insolvencyInability to pay debts
frozen assets · herd behavior · contagion · hoarding · savings account · emergency funds · withdrawals · line out the door · emergency · crises · liquidity · queue · fear · financial panic · Great Depression · too big to fail · systemic risk · money market