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Blackstone CEO: 'People on iPhones' caused SVB crisis

Stephen Schwartzman, worth $42 billion and at the head of a firm managing almost $1 trillion, says social media is what doomed the bank. ....

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Social media-driven bank runs burden regulators with a bigger problem | Hellenic Shipping News Worldwide

Social media-driven bank runs burden regulators with a bigger problem | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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SVB failure spurred by social media and mobile banking, Citigroup CEO Jane Fraser says

Banking crises have happened before, but this may be the first one accelerated by mobile banking and social media, said Citigroup CEO Jane Fraser. ....

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Issues over social media-driven bank runs

The speed at which depositors fled Silicon Valley Bank this month – withdrawing $42 billion in 24 hours – has left authorities confronting a new risk: the social media-driven bank run. Gone are the days when lines of people outside banks served as the defining image of a lender on the brink. In today’s turbocharged digital age, ....

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Analysis-Social Media-driven Bank Runs Burden Regulators With A Bigger Problem

The speed at which depositors fled Silicon Valley Bank this month - withdrawing $42 billion in 24 hours - has left authorities confronting a new risk: the social media-driven bank run. ....

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