To make matters worse, the SEC investigation and fine have essentially caused a run on the bank.
Perhaps it was excusable bravado, designed to prevent a run on the bank that would destroy Enron's ability to trade.
Regulators deliberately keep a pending closure secret to avoid a mad rush to remove deposits--a run on the bank, if you will.
With trust eroding in the state of the Russian banking system, Globex stopped customers from withdrawing their funds after a run on the bank.
Northern Rock came close to collapse at the start of the credit crisis in 2007 after savers staged a run on the bank after it had sought financial aid from the government.
Just as the banker who appointed Corzine to head Goldman Sachs in 1994, believed he was entitled to buy Goldman shares in late 2008 even if he was privy to inside information as a Goldman director and chairman of the New York Federal Reserve Bank in charge of overseeing Goldman and saving its existence from a run on the bank.
The hastily arranged purchase of Bear Stearns by JP Morgan Chase is the result of exactly such a bank run on the bank, as Bear's counterparties lost faith in it.
What we saw with Bear Stearns was really a classic run on the bank.
Skilling's defense attorney Daniel Petrocelli boldly decried that they would prove Enron to be a sound company in good financial standing and that a "run on the bank" led to its bankruptcy.
When the Northern Rock bank went bust that year it became obvious that this limit was not high enough to reassure savers, who were then staging a crippling run on the bank.
Second the credit crunch had started to hit home and for the first time in more than a hundred years, there had been a run on a British bank with the extraordinary sight of queues of savers lining up outside branches of Northern Rock to extract their cash.
The next day, to halt a run on the country's banks, the central bank imposed restrictions on withdrawals.
However since a bank only keeps a small percentage of its assets in cash or short-term investments if there is a run on a bank or handful of them the overall faith in the banking system could be rattled.
The collapse of Bear Stearns was triggered by a run of its creditors and customers, analogous to the run of depositors on a commercial bank.
But the news, far from reassuring anyone, sparked a run on Northern Rock, Britain's first bank run since the 1860s, and caused all manner of wild worries about the whole British banking system.
After raising interest rates to 150% to stop a run on the rouble, the central bank's head said that the tide had turned and that hard-currency reserves were being replenished.
The unprecedented tax on bank deposits led to a run on cash machines over the weekend, as customers scrambled to protect their life savings.
CNN: Cyprus deposit tax 'overnight robbery,' says businessman
Mr Duhalde inherited draconian restrictions on bank transactions and withdrawals, which halted a bank run but are strangling the economy.
That amount, he said, is comparable to the number of the bank's machines that run out of cash on a normal day in the New York area.
The shake-out from the global credit squeeze led to the first run on a British bank for generations.
The result was the first run on a British bank in 150 years.
FORBES: Billionaire Richard Branson's Virgin Money Acquires Northern Rock For $1.2 Billion
Transactions: There would be controls on bank transactions to stop a run on the banks with money being taken out of Cyprus.
To help the economy back on to its feet, the Bank of Japan has been trying to run a super-loose monetary policy.
Rumours swirl and panic flares: shares in BNP Paribas, a well-run French bank, dropped by 12% on the morning of September 13th following reports that no one would lend it dollars.
They are struggling to put in place capital controls to prevent a bank run when the banks reopen, possibly on Thursday.
It is nonetheless a big improvement on the past, when the bank was usually run by former academics with no market experience.
Following a huge run-off of these assets, without any need to claim on the policy, the bank now reckons it's no longer necessary.
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