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What caused so many banks to fail
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What caused so many banks to fail

User Pouyan
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2 Answers

1 vote

Answer:

They went bank rupt or not a lot of people came to there banks

Step-by-step explanation:

User AwokeKnowing
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6 votes

Step-by-step explanation:

The most common cause of bank failure occurs when the value of the bank's assets falls to below the market value of the bank's liabilities, which are the bank's obligations to creditors and depositors. This might happen because the bank loses too much on its investments.

User Zgabievi
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