WHEN THE BANKING INDUSTRY COLLAPSES, WHAT'S THE REASONS AND WHAT CAN HAPPEN TO THE PEOPLE?

WHEN THE BANKING INDUSTRY COLLAPSES, WHAT'S THE REASONS AND WHAT CAN HAPPEN TO THE PEOPLE? - The collapse of a bank is a significant event that can send shockwaves through the financial system, often leading to widespread economic repercussions. It typically begins with underlying issues such as risky investments, high levels of bad debt, or mismanagement. When depositors lose confidence in the bank's stability, they might start a run on the bank, withdrawing their funds en masse, which can exacerbate the bank's liquidity crisis. …