Wall Street Lingo: Bank Run
Saturday, March 29th, 2008There have been many terms tossed around lately stemming from the latest economic and financial news. One of the most popular has been the phrase “a run on the bank”.
What does that really mean?
A run on the bank is really a type of financial crisis that occurs when bank customers rush to withdraw their funds over fears that the bank may go under. Such as with Bear Stearns (BSC: chart, web, Y!), when word got out that they weren’t doing so hot, and you saw the mad rush to sell the stock, dropping the price per share from nearly $100 to under …
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