Social media, viral memes helped speed Silicon Valley bank run
Other well-known bank failures, such as IndyMac or Washington Mutual in 2008 or Continental Illinois in the 1980s, only happened after days or weeks of reports.
Source: kiiitv.com
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Social media, viral memes helped speed Silicon Valley bank run
Other well-known bank failures, such as IndyMac or Washington Mutual in 2008 or Continental Illinois in the 1980s, only happened after days or weeks of reports.
Source: wthr.com
Bank runs used to be slow. The digital era sped them up
Regulators, policymakers and bankers are looking at the role that digital messaging and social media may have played in the collapse.
Source: pressdemocrat.com
Social media, viral memes helped speed Silicon Valley bank run
Other well-known bank failures, such as IndyMac or Washington Mutual in 2008 or Continental Illinois in the 1980s, only happened after days or weeks of reports.
Source: wfmynews2.com
Bank runs used to be slow. The digital era sped them up
What made the failure of Silicon Valley Bank unique compared to past failures of large banks was how quickly it collapsed
Source: sandiegouniontribune.com