The independent news website of The Kent Stater & TV2

KentWired

The independent news website of The Kent Stater & TV2

KentWired

The independent news website of The Kent Stater & TV2

KentWired

House Financial Services Chair Patrick McHenry (seen here in January) described SVBs collapse as driven by the first Twitter-fueled bank run. Tom Williams/CQ-Roll Call, Inc./Getty Images

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

Jennifer Korn, CNN March 14, 2023

New York CNN — 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...

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bank run