The authorities hope that the revamped FSCS rules, which will be the subject of a publicity campaign in early 2011, will be enough to stop another run on a bank.
While depositors may not take the same level of hit that occurred in Cyprus it will have to be on any customers mind and could create a run on a bank.
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 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.
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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 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.
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 collapse of Bear Stearns was triggered by a run of its creditors and customers, analogous to the run of depositors on a commercial bank.
"This is a run on the bank, " says Richard Bove, an analyst at Punk Ziegel.
To make matters worse, the SEC investigation and fine have essentially caused a run on the bank.
Meanwhile, the country's banks have been ordered to remain shut until Thursday, amid concerns of a run on bank accounts.
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.
As the economist Paul Krugman put it, it was as if Europeans were holding up a sign which read "time to stage a run on your 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.
The Spanish bank Bankia, which was effectively nationalized this month, was not mentioned by Moody's, but the government was forced to step in Thursday to deny rumors of a run on bank deposits.
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.
Mr Duhalde inherited draconian restrictions on bank transactions and withdrawals, which halted a bank run but are strangling the economy.
They soon focused on a much smaller bank, also well-run and having similar financial characteristics in such areas as return on equity, interest margin, loan quality, etc.
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.
Talk of a run on Greek deposits, and some banks being cut off from European Central Bank (ECB) support, have added a fresh twist to scary talk about Greece and the euro.
Transactions: There would be controls on bank transactions to stop a run on the banks with money being taken out of Cyprus.
The unprecedented tax on bank deposits led to a run on cash machines over the weekend, as customers scrambled to protect their life savings.
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