Almost a year ago, America experienced a frightening financial shock: a run on banks, in which depositors raced to pull money out of institutions that they feared were about to collapse.

Such events can and should be a thing of the past, but this will require significant changes in the way the Federal Reserve backstops the banking system.

QOSHE - Bank Runs Are Terrible. The Fed Can Eliminate Them. - Bill Dudley
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Bank Runs Are Terrible. The Fed Can Eliminate Them.

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10.01.2024

Almost a year ago, America experienced a frightening financial shock: a run on banks,........

© Bloomberg

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