Bank runs used to be slow. The digital era sped them up | New Orleans CityBusiness
What made the failure of Silicon Valley Bank unique compared to past failures of large banks was how quickly it collapsed.
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What made the failure of Silicon Valley Bank unique compared to past failures of large banks was how quickly it collapsed.
Regulators, policymakers, and bankers are looking at the role that digital messaging and social media may have played in the Silicon Valley Bank collapse.
A bank run conjures images of “It’s a Wonderful Life,” with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money.
The speed at which Silicon Valley Bank collapsed has left experts questioning whether social media has opened up entirely new risks in the world of finance
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