Keeping an Eye on China
What A Bank Run In China Looks Like: Hundreds Rush To Banks Following Solvency Rumors
From the article:
Why are bank runs like these only set to accelerate? Simple – unlike the US China has zero deposit insurance.
It wasn’t that long ago that I read that the U.S. FDIC doesn’t have enough money to cover depositors. I would think it is(?) still the case today. I’ll let you do the research.