AlmightySnoo 🐢🇮🇱🇺🇦@lemmy.world to Lemmy Shitpost@lemmy.world · 10 months agoForbes' kiss of deathlemmy.worldimagemessage-square49fedilinkarrow-up1708arrow-down110
arrow-up1698arrow-down1imageForbes' kiss of deathlemmy.worldAlmightySnoo 🐢🇮🇱🇺🇦@lemmy.world to Lemmy Shitpost@lemmy.world · 10 months agomessage-square49fedilink
minus-squareAlmightySnoo 🐢🇮🇱🇺🇦@lemmy.worldOPlinkfedilinkarrow-up2arrow-down1·10 months agoIn theory yes: A bank can temporarily suspend withdrawals to stop a run; this is called suspension of convertibility. (https://en.wikipedia.org/wiki/Bank_run) But IMO freezing withdrawals would just add even more panic when the last thing you want as a bank is have more clients be anxious about their money.
In theory yes:
(https://en.wikipedia.org/wiki/Bank_run)
But IMO freezing withdrawals would just add even more panic when the last thing you want as a bank is have more clients be anxious about their money.