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The speed at which depositors fled Silicon Valley Bank this month – withdrawing $42 billion in 24 hours – has left authorities confronting a new risk: the social media-driven bank run. Gone are the days when lines of people outside banks served as the defining image of a lender on the brink. In today’s turbocharged digital age,
The speed at which depositors fled Silicon Valley Bank this month - withdrawing $42 billion in 24 hours - has left authorities confronting a new risk: the social media-driven bank run.
WASHINGTON (Reuters) - The speed at which depositors fled Silicon Valley Bank this month - withdrawing $42 billion in 24 hours - has left authorities confronting a new risk: the social media-driven bank run. | 10:03am
Some in the banking industry are playing down the risks of another Silicone Valley Bank-style downfall
By Hannah Lang WASHINGTON (Reuters) - The speed at which depositors fled Silicon Valley Bank this month - withdrawing $42 billion in 24 hours - has le...