Metropolitan Digital

Google


.

SVB's newfangled failure fits a century-old pattern of bank runs, with a social media twist

  • Written by Rodney Ramcharan, Professor of Finance and Business Economics, University of Southern California
SVB's newfangled failure fits a century-old pattern of bank runs, with a social media twistThousands of banks failed in the Great Depression.Bettmann via Getty Images

The failure of Silicon Valley Bank on March 10, 2023, came as a shock to most Americans. Even people like myself, a scholar of the U.S. banking system who has worked at the Federal Reserve, didn’t expect SVB’s collapse.

Usually banks, like all companies, fail...

Read more: SVB's newfangled failure fits a century-old pattern of bank runs, with a social media twist

More Articles ...

  1. Brains also have supply chain issues – blood flows where it can, and neurons must make do with what they get
  2. Pilgrimage and revolution: How Cesar Chavez married faith and ideology in landmark farmworkers' march
  3. Why tornadoes are still hard to forecast – even though storm predictions are improving
  4. When it comes to explaining elections in Congress, gerrymandering is overrated
  5. What is xylazine? A medical toxicologist explains how it increases overdose risk, and why Narcan can still save a life
  6. Behind the Latter-day Saint church's vast wealth are two centuries of financial hits and misses
  7. Room-temperature superconductors could revolutionize electronics – an electrical engineer explains the materials' potential
  8. What's at stake as protests rock Israel: 3 essential reads on democracy, security and human rights
  9. A shortage of native seeds is slowing land restoration across the US, which is crucial for tackling climate change and extinctions
  10. Gender-affirming care has a long history in the US – and not just for transgender people