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Stories Tagged as

Bank run

Banks in Turmoil

Trying to explain the bank runs? The "takeconomy" might deserve some of the blame.

by Kai Ryssdal and Sean McHenry
Mar 21, 2023
Many factors led to Silicon Valley Bank’s collapse, but content creator Kyla Scanlon says "social media risk" accelerated the slide.
Credit Suisse Chair Axel Lehmann blamed his bank's failure partly on a "social media storm." Content creator Kyla Scanlon highlights the role of social media in the instability that has jolted global finance.
Fabrice Coffrini/AFP via Getty Images
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Silicon Valley Bank Collapse

Behind SVB's collapse were a whole lot of texts on messaging groups

by Kristin Schwab
Mar 17, 2023
Chatter among the bank's depositors on social media and texting groups may have exacerbated its demise.
Bank runs of the 1930s happened slowly, because we banked and communicated differently then.
Hulton Archive/Getty Images
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Silicon Valley Bank Collapse

Bank rules rollback contributed to SVB's failure, critics say

by Kimberly Adams
Mar 13, 2023
The rollback of Dodd-Frank reforms exempted many of the country's largest banks from stricter regulations put in place after 2008.
Customers line up to retrieve funds from a Silicon Valley Bank in Santa Clara, California, on Monday. President Joe Biden partially blamed the rollback of Dodd-Frank banking regulations for SVB's failure.
Justin Sullivan/Getty Images
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Silicon Valley Bank Collapse

Banks will pay the cost of SVB's collapse, and maybe that's "how it should be"

by Kai Ryssdal and Sean McHenry
Mar 13, 2023
As the government moved to backstop depositors affected by the collapse of Silicon Valley Bank and Signature Bank, surviving banks will end up footing the costs, says Laurie Stewart at Sound Community Bank in Seattle.
The federal government announced it would ensure that depositors affected by Silicon Valley Bank's collapse would be made whole. "I'm really happy for them," said Laurie Stewart. "But here's the thing: we're gonna pay for it. Banks are going to pay for it."
Justin Sullivan/Getty Images
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Silicon Valley Bank Collapse

Silicon Valley Bank is seized by U.S. after historic failure

by Associated Press
Mar 10, 2023
The bank's failure arrived with incredible speed, with some industry analysts on Friday suggesting it was still likely a wise investment.
The Silicon Valley Bank headquarters in Santa Clara, California, on March 10.
Noah Berger/AFP via Getty Images
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It's going to be a long weekend for Cyprus

by Kai Ryssdal
Mar 22, 2013
The European Central Bank has given the small island nation until Monday to agree on a new plan to raise billions of dollars and avoid bankruptcy.
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Could the Cyprus deposit tax lead to a bank run?

by David Weinberg
Mar 19, 2013
Bank runs become a problem because banks don’t actually have a lot of money in the bank. Your deposit, to a bank, is a loan -- and most of that money gets lent out again.
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Why a bank run is bad

by Paddy Hirsch
Jun 1, 2012
A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy.
A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy.
Daniel Roland/AFP/Getty Images
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