answersLogoWhite

0

The most damaging effect is the fact that people lose their life savings. People always deposit their hard earned money and savings in banks and if banks fail, they will lose their money and their life's would be ruined.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What force is responsible for most bridge failures?

Weather effect


What were Andrew Jackson's most important Major failures?

Jackson when given the opportunity declined the renewal of the national bank which ended up causing the Panic of 1837


Successes and failures?

Successes and failures are considered to be part of development. In most cases, there will a number of failures before success is achieved.


What type of tornado is the most damaging?

The F5 (or EF5 as of February 2007) tornado is the most damaging category.


Which waves are the most damaging capable crumbling buildings?

The most damaging seismic waves capable of crumbling buildings are the surface waves, particularly Love waves and Rayleigh waves. These waves travel along the Earth's surface and have larger amplitudes and longer durations compared to other seismic waves, causing significant ground shaking. The intensity of the shaking can lead to structural failures, especially in poorly designed or older buildings.


What state has the most damaging earthquakes?

California


Who are judged as the 3 most presidential failures?

The president who is judged to be the biggest failure is Andrew Jackson. The next 2 most judged presidential failures are Richard Nixon and John Adams.


What are the failures of Gloria Macapagal-Arroyo as a president of the Philippines?

Each president poses failures as well as successes while serving as president. President Arroyo is most widely known for her failures in fiscal accounting.


When did the most damaging tornado occur?

The most damaging tornado on record struck Joplin, Missouri on May 22, 2011. The cost of damage was $ 2.8 billion.


What was the most damaging aspect of the Treaty of Versailles?

in Europe


What is the most damaging bullet for a 357 Magnum?

For most uses, a jacketed hollowpoint.


The reason for most incident responses failures is due to?

poor management