You Can Bank on It

Published in opendotdotdot.blogspot.com - 07-10-2008

Interesting: 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.