[oblvious-earth]

In practice wouldn't this just mean part nationalizing the bank so you can keep paying the salaries of all the various bank tellers, IT staff, and accountants to allow the depositors and bond holders to withdraw their money.

Given the retail bank is highly profitable wouldn't it make sense to then keep the whole thing going and figure out how to re-privatize it at a later date?

[cm2187]

Not the least because on paper at least it looks healthy. It has capital and liquidity ratios in line with other major banks. It has a profitability problems but had started laying off thousand of staff already, so that was more a share price problem than credit risk problem. But bank runs don't look at financials.