Run On The Bank: What It Is & How To Prevent It - Business - Nairaland
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| Run On The Bank: What It Is & How To Prevent It by Logdotng: 6:59pm On Apr 05, 2023 |
Run On The Bank: What It Is & How To Prevent It A run on the bank is a situation in which a large number of customers try to withdraw their money from a bank or financial institution at the same time. This can happen when there is a sudden loss of confidence in the institution's ability to meet its financial obligations or if there are rumors or news of financial trouble. During a run on the bank, customers may queue up outside the bank's branches, demanding to withdraw their money or transfer it to another institution. This can cause panic and chaos, and can quickly escalate if the bank is unable to meet the demand for cash withdrawals. CLICK HERE TO READ MORE
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