Skip to content
Sign In Subscribe
Business — Banking — Businessweek — Financial regulation — Interest Rates — Investment Banking

The Digital Age Ushers in a Speedier, More Viral Breed of Bank Run

Get the latest news about the Silicon Valley Bank collapse, one of the biggest US bank failures in more than a decade, and the speed of bank runs in the digital age.

1 min read
  • Donald Powell can still remember the time more than three decades ago when the bank he ran in Texas was on the verge of failing.
  • The panic surrounding Silicon Valley Bank’s weak balance sheet churned through a tight-knit and chatty technology industry.
  • The vast sum of cash that attempted to fly from SVB on Thursday night is also a testament to the kinds of accounts it oversaw.
  • Continental Illinois in 1984 lost half its deposits in a week.
  • This time it happened in the blink of an eye.
The Digital Age Ushers in a Speedier, More Viral Breed of Bank Run
Talk of Silicon Valley Bank’s “weird” balance sheet moved like lightning through its depositor base.
BloombergAmelia Pollard

More from Business

Latest