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Banks are the most unsafe institutions in the world.
Every few years there is a major collapse of hundreds of them worldwide. In 1890 it faced the very same situation - and was saved by other British banks, including the Bank of England. The list is enormous. There were more than 30 major banking crises this century alone. That banks are very risky - can be proven by pointing to the inordinate number of regulatory institutions which supervise banks and their activities.