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Banks are in a very fragile state at the moment. The global economies are week, recession is looming once again, and banks have had to set aside billions to pay for Mis selling mortgage claims and payment protection insurance claims. America has also taken the unprecedented step to launch legal proceeding against these banks for the damage this scandal has caused the economy

If everyone takes their money out, the banks will collapse and people who did not yet take their money out will not be able to get it. This is not likely to happen now – lessons were learned after the last time – but the same sort of process is at work, and it has weakened the banks.