Sentence examples for depositor run from inspiring English sources

By late 1992, the central bank closed Summa amid a depositor run.

A failure to do this would destroy the country's financial system and cause depositor runs elsewhere.

However, it was not: in the mid-1920s – following a period of sharp and prolonged price deflation – hundreds of middenstandsbanken suffered depositor runs and were eventually wound up.

This can become a self-fulfilling prophecy -- and mimics the depositor runs of the past.

Bank depositors "run" on banks that might be too exposed to defaults.

"Depositors ran to the bank to withdraw their money only to discover, like the citizens of Bedford Falls" — referring to the movie "It's a Wonderful Life" — "that there was no money in the vault.

Last year Northern Rock, which relied heavily on wholesale markets for money rather than on depositors, ran into trouble when credit dried up around the world; it proved unable to raise money from the banks that used to lend to it and from securitising its loans (bundling them up and floating bonds on the back of them).

His first step was to order all banks closed until Congress, meeting in special session on March 9, could pass legislation allowing banks in sound condition to reopen; this "bank holiday," as Roosevelt euphemistically called it, was intended to end depositors' runs, which were threatening to destroy the nation's entire banking system.

But we have been here before, and depositors did not run for the hills.

Total public sector support – including borrowing guarantees and liquidity support from the Bank, as well as depositor savings protection – runs to £850bn.

The banking crisis erupted in August when depositors made a run on Kabul Bank in a panic after government officials learned of $300 million in losses and demanded the resignation of the bank's president and chairman.