07 October 2008

You Can Bank on It


The ease with which technology allows customers to move their money around by internet or phone has introduced a new financial phenomenon – the "silent run" on a bank.

Within hours, telephone and internet banking customers can remove huge amounts of money from a bank rumoured to be in trouble, without telltale queues, or any other outward sign of the flood of cash.

The shape of things to come.

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