What is a Bank Run? #svb #shorts #finance #money #wealth #investing #stockmarket #bank #stocks
8Today we talk about what a bank run is and how it affects you!
A bank run is when a large number of customers of a bank or other financial institution withdraw their deposits at the same time over fears about the bank's solvency. As more people withdraw their funds, the probability of default increases, which, in turn, can cause more people to withdraw their deposits. In extreme cases, the bank's reserves may not be sufficient to cover the withdrawals.
Bank Run: https://www.investopedia.com/terms/b/bankrun.asp
This video is for purely educational purposes and is NOT financial, legal, or tax advice whatsoever. Please consult a licensed financial professional before making any financial decisions as everyone's situation is unique.
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