bank run

1. The concerted action of depositors who try to withdraw their money from a bank because they fear that the bank will fail.

Example Sentences

Silicon Valley Bank, a financial firm used by many technology start-ups and companies, failed after a bank run and was taken over by the FDIC.

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Ohio and Michigan managers worried that people hoarding their pennies, or bank runs on the copper coins, could make matters worse.

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That unlikely alliance is boosting efforts from midsize banks that argue higher caps would help deter rapid bank runs like those seen during the 2023 failures of Silicon Valley Bank and Signature Bank.

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But those aid packages have failed to prevent recurring financial-market collapses, bank runs and devastating devaluations leading to political and social turmoil.

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Silicon Valley Bank, Signature Bank and First Republic Bank failed in part because of bank runs.

Read more on The Wall Street Journal