Invertext Online Technical Dictionary

bank run

noun  

pánico bancario

Definition 1

Race among bank depositors to withdraw their savings.

Source: Invertext


Context: Nothing inspires fear so much as a good bank run. Tanking share prices, vanishing Wall Street firms, central bankers hosing the global economy with liquidity – all pale beside the sight of hordes of frightened depositors trying to withdraw their cash from their local bank.

Source: Financial Times 25/09/2008

Appears in the following subjects

Banking