This should be a huge concern to all of us going forward.
"The speedy bank run has raised questions about the fragility of financial institutions in a digital environment marked by easy cash withdrawals and the spread of information on social media and other spaces online, where panic among a few can grow into a stampede for the exit."
"The speedy bank run has raised questions about the fragility of financial institutions in a digital environment marked by easy cash withdrawals and the spread of information on social media and other spaces online, where panic among a few can grow into a stampede for the exit."
The collapse of Silicon Valley Bank, the second-biggest bank failure in U.S. history, took place over less than 48 hours.
Customers withdrew $42 billion -- nearly a quarter of the bank's total deposits -- within a single day last week.
The speedy bank run has raised questions about the fragility of financial institutions in a digital environment marked by easy cash withdrawals and the spread of information on social media and other spaces online, where panic among a few can grow into a stampede for the exit.