A bank run forced New York's Knickerbocker Trust Company to suspend operations, triggering the Panic of 1907 (pictured).
A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may fail in the near future. It may occur when, in a fraction…
A bank run forced New York's Knickerbocker Trust Company to suspend operations, triggering the Panic of 1907 (pictured).