Exact(7)
Banks run lotteries to lure more depositors.
It relented the next day, when more depositors changed their minds about the wisdom of their withdrawals.
In a singularly ill-timed move, it also introduced a tax on all bank withdrawals, which chased away even more depositors.
The more depositors pull savings and convert pesos into dollars, the more prospects increase that the government will have to ration dollars or freeze accounts.
Right now, Greece is experiencing what's being called a "bank jog" — a somewhat slow-motion bank run, as more and more depositors pull out their cash in anticipation of a possible Greek exit from the euro.
In a study in Bangladesh, it is found that there are 27.8 million depositors and about 20.6 million borrowers in a sample of 28 MFIs and that 26 of these 28 Bangladeshi MFIs have more depositors than borrowers (Khan and Ashta 2012).
Similar(53)
Banks can increase their leverage by borrowing more from depositors or debt markets and lending or investing the proceeds.
Precisely such fears over Cyprus' banks have already led them to borrow some 9bn euros of so-called Emergency Liquidity Assistance from their central bank, to replace money withdrawn by more savvy depositors in recent months.
But the IMF paper highlighted in a previous post showed the problem this builds up over the long term; the whole system takes more risk because depositors and bank executives feel protected by the guarantee.One can teach depositors a lesson by letting them lose out (moral hazard).
Some sperm banks reveal more about their depositors than others.
Its collapse left more than 6,500 depositors trying to get their money back.
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