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Instead of long lines of depositors trying to withdraw their savings, this one was manifest in withdrawals from mutual funds, credit freezes and tumbling derivatives values – all arising from a lack of trust, just like the bank runs of the old days.
Major depositors were now so scared about the state of RBS and some other British banks that they were trying to withdraw – and willing to pay large penalties for early withdrawal – all their money.
(Mr. Smalls is trying to withdraw his plea).
Some had been trying to withdraw for years.
There were loud complaints but no signs of customers panicking and trying to withdraw all their money.
As intended, deposit insurance made banks less prone to runs (depositors trying to withdraw their money before everyone else does).
Similar(14)
Several of Mr. Shaw's relatives took umbrage that Mr. Rahman tried to withdraw his plea.
Later, learning he was not only ineligible but also deportable, he tried to withdraw his application.
The officials said that Mr. Kaczysnki tried to withdraw inside the cabin, but was restrained.
Despondent, he tries to withdraw from a government-orchestrated race in Pakistan.
Format magazine said Ms. Halima was detained as she tried to withdraw $7.4 million from a bank.
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