#bank-runs

source Goldsmiths and Banks In 1600’s Europe, merchants (depositors) would give their gold and silver to goldsmiths for safekeeping and those goldsmiths would issue paper money to those depositors so

Yesterday, a Spanish medium, El Confidential, reported that the 6th largest bank in Spain, Banco Popular, was on the brink of defaulting, due to a heavy drain upon it caused by institutional and private