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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
SVB's newfangled failure fits a century-old pattern of bank runs, with a social media twistThousands of banks failed in the Great Depression.Bettmann via Getty Images

The 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...

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