I doubt anyone wants to hear this, but a big secret to our societies' banking systems is that a bank's depositors are in fact unsecured creditors, individuals or institutions that lend money to the bank without obtaining specified assets as collateral.

If a bank were to become insolvent in a crisis, its clients could lose all or part of their deposits in a "bail-in", a term coined in the 2010s that describes rescuing a financial institution on the brink of failure by making its creditors and depositors take a loss on their holdings.

A bail-in is the opposite of a bail-out, which involves the rescue of a financial institution by external parties, typically governments using taxpayers money. Bank bail-ins have already begun in the EU (in Cyprus and Italy), and the infrastructure to implement bail-ins is already in place in the United States.


(Emphasis mine.)


(Emphasis mine again.)

Don't take my word for it: this information is corroborated by reputable sources in plain sight on the internet, and you can do your own research. You can start with the following article:

A Crisis Worse than ISIS: Bail-ins Begin