PayPal is not subject to regular banking regulations. Because it considers itself to be an 'electronic money transmitter', user rights and safeguards vary.
The crises in banking and credit in the United States had a global reach, affecting a wide range of financial and economic activities and institutions, including the:
A bank run affects just one bank. A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time. In a systemic banking crisis, all or almost all of the banking capital in a country is wiped out.
