SVB's newfangled failure fits a century-old pattern of bank runs, with a social media twist
- Written by Rodney Ramcharan, Professor of Finance and Business Economics, University of Southern California
Thousands of banks failed in the Great Depression.Bettmann via Getty ImagesThe failure of Silicon Valley Bank on March 10, 2023, came as a shock to most Americans. Even people like myself, a scholar of the U.S. banking system who has worked at the Federal Reserve, didn’t expect SVB’s collapse.
Usually banks, like all companies, fail...
