#bankrun — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #bankrun, aggregated by home.social.
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If I was more of a conspiracy theorist I would suggest that the big banks are going around sparking bank runs so they can buy up small banks and acquire their customers. The reality is that every US bank is just a 10% draw down on deposits away from collapsing and it really doesn't take much for that to happen when a few large whales remove their deposits that are far above FDIC insurance levels.
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#SocialMedia as a #BankRun #Catalyst (April 18, 2023). SSRN: https://ssrn.com/abstract=4422754 or http://dx.doi.org/10.2139/ssrn.4422754
#Socialmedia #fueled a #bankrun on #SiliconValle Bank #SVB, and the effects were felt broadly in the U.S. #bankingindustry. We employ comprehensive #Twitter #data to show that preexisting #exposure to #socialmedia predicts #bank #stockmarket #losses in the run period even after controlling for bank characteristics related to #runrisk.#FDIC #FederalReserve #banking #FinancialStability