AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
What's to Stop a Run on a Bank?
The speed with which they that this all unfolded last week, I think caught even experienced market observers by surprise. You have to ask yourself as a depositor at any other institution what is the benefit of holding out and seeing if everything is okay? And so there is very much a psychological phenomenon around bank runs that can't really be anticipated,. But again, we've known for a while, a long while that plenty of banks were functionally insolvent.