March 28, 2024

AndronETalksNews

AndronETalksNews

SVB collapse was driven by ‘the first Twitter-fueled bank run’

CNN Business

Updated 1:25 PM EDT, Tue March 14, 2023
 
The massive amount of customer withdrawals that led to the collapse of Silicon Valley Bank had all the hallmarks of an old-fashioned bank run, but with a new twist befitting the primary industry the bank served: much of it unfolded online.