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Bank collapse

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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Banks in Turmoil

Federal bank regulators are getting most of the attention, but states oversee banks too

by Justin Ho
Mar 14, 2023
The feds didn’t take possession of Silicon Valley Bank and Signature Bank. That was up to state regulators in California and New York.
Signature Bank and Silicon Valley Bank were state chartered, which is why state regulators stepped in first.
Spencer Platt/Getty Images
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