Exact(4)
The retail run came after the bank had already been destabilised by wholesale-funding problems.
In contrast with the dithering over Northern Rock, ministers acted decisively to forestall another retail run and to ensure that deposits were placed in secure hands (see article).The hope was that the government's intervention would do much to allay worries.
Yet a 2008 paper by Hyun Song Shin of Princeton University, dissecting the bank's implosion, suggests that neither the run nor securitisation was the principal culprit.The retail run on the bank came in mid-September, when news broke that the Bank of England was providing it with emergency support.
Image crediTheCBsources5.
Similar(4)
Well, you could say that Shechtman has retail running through her veins (she comes from four generations of retailers), but the more succinct answer would be that she has spent her life trying to understand the customer.
While 200-300 village shops close every year, Fryatt, despite not having a background in retail, runs a thriving business.
Whether or not it'll pan out has yet to be seen, but they at least deserve some credit for trying to keep the retail run-down to a minimum.
You can kind of say that retail runs in his blood.
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