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People rushed the bank in NYC due to concerns over the stability of financial institutions, often triggered by news of bank failures or economic uncertainty. Panic and fear can lead to a phenomenon known as a bank run, where depositors withdraw their funds simultaneously, fearing they might lose their savings. This behavior is typically fueled by a lack of confidence in the bank's ability to safeguard deposits. Such situations can escalate quickly, leading to long lines and chaotic scenes.

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1w ago

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