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Although banks are not part of the government, in every major country accounts with a bank are insured by the [[government]] up to a certain amount. The goal, as emphasized in the [[Financial Crisis of 2008]], was to prevent "runs" in which people overnight lose confidence and demand all their deposits back.
Although banks are not part of the government, in every major country accounts with a bank are insured by the [[government]] up to a certain amount. The goal, as emphasized in the [[Financial Crisis of 2008]], was to prevent "runs" in which people overnight lose confidence and demand all their deposits back.
==See also==
*[[Correspondent bank]]
[[Category:Economics]]
[[Category:Economics]]
[[Category:Business]]
[[Category:Business]]