A financial crisis that occurs when a large number of bank failures occur due to a lack of liquidity. This can result in a lack of credit, bankruptcy, and even recession. The Financial Crisis of 2007-2008 is an example of a banking crisis.
A financial crisis that occurs when a large number of bank failures occur due to a lack of liquidity. This can result in a lack of credit, bankruptcy, and even recession. The Financial Crisis of 2007-2008 is an example of a banking crisis.