Bank failures and rescues

Many of the numerous bank failures that have occurred over the years  have not proved   harmful to  their national economies. Governments have found it necessary, however, to guard against the danger of "systemic failure" resulting from a  general loss of in the banking system and have, from time to time,  rescued a failing bank in order to avert that danger. There have nevertheless been several instances of banking crises that have done serious damage to national economies.


 * For a detailed list of failures and rescues in their historical sequence, see the timelines subpage.