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A bank failure occurs when a bank is unable to meet its financial obligations to its depositors and other creditors.
Bank failures are caused by various factors, but they can be broadly classified into two categories: endogenous and exogenous causes.
The moment you open an account with a banker, you automatically become a customer of the bank.
There exists a special relationship between the banker and its customer.
However, to truly understand the nature of this relationship, it is important to first define what constitutes a banker and a bank customer.
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