When banks get robbed, how does the bank get the money back?
In: Economics
Insurance. Banks are insured, and the big banks won’t fail because they’re “not supposed to”. Further, even if they aren’t, they make so much that honestly it’s the least of their problems.
It’s the same reason you lose no money if your bank gets robbed – you have between 75k and 250k coverage, entirely for free, depending on your country if you live in the first world.
Usually through insurance. The insurance will then make a claim against anything recovered from the robbery or if nothing is recovered it’s like any other insurance claim- the insurer pays out and they may or may not have further insured themselves against large losses.
In the US, there’s a federal program that insures all bank deposits called the FDIC. It was the run on banks following the stock market crash of 1929 that actually triggered the Great Depression so we realized how important consumer confidence in their money being safe in banks was to the economic functioning of the countryand the FDIC was created
Robert DeNiro explains it best in *Heat*: “**We want to hurt no one!** **We’re here for the bank’s money, not your money**. Your money is insured by the federal government, you’re not gonna lose a dime! Think of your families, don’t risk your life.”
FDIC!
In the US…Insurance. Most bank don’t actually have a lot of cash in the bank and robbers typically don’t take all of it, on average it’s only a few thousand dollars. For major banks that is like the give a penny take a penny dish.
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