Australia had something of a bank run in March but you’d be forgiven for missing it.
On Thursday, the Reserve Bank of Australia (RBA) revealed there had
been a rush of Australians desperate to withdraw their money from the
bank as hundreds of billions of dollars were wiped from the Australian
stock market, and trillions more from global markets.
“Over-the-counter withdrawals of cash from banks were elevated over
the second half of March as some customers with large balances sought to
hold precautionary funds,” the RBA surmised in a report.
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