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: wbir.com
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SVB failure: How the digital era sped up bank runs
Regulators, policymakers and bankers are looking at the role that digital messaging and social media may have played in the collapse, and whether banks are entering an age when the psychological behaviour behind a bank run -- mass fear from depositors of losing their savings -- may be amplified and go viral quicker than bank officers and regulators can successfully respond.
Source: ctvnews.ca
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: cbs8.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: 5newsonline.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: wkyc.com