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The United States is currently going through a serious banking crisis. Silicon Valley BankThe process, which started with the bankruptcy of , expanded to several more banks in
The United States is currently going through a serious banking crisis. Silicon Valley BankThe process, which started with the bankruptcy of , expanded to several more banks in the next phase. Although the US government is making reassuring statements, the events are new. global recession It makes you think that the odds are greater than ever before. The latest news is the cause of the banking crisis in the US. internet reveals that.
A Silicon Valley Bank report to regulators contains striking statements. According to the company, customers can get it in just one day. 42 billion dollars They asked for a shooting. Such a large withdrawal demand reduced the bank’s cash balance to -1 billion dollars. Silicon Valley Bank shares on social media platforms and communities in instant messaging apps. panic environment He says the $42 billion withdrawal request came in this environment.
According to the statements made, the number one internet channel that caused the bank to go bankrupt tweetused to be. Because related posts have been made from the accounts followed by thousands of people, and these shares reached tens of thousands and hundreds of thousands through retweets. What happened next was not surprising. Shares of Twitter instant messaging apps and through other platforms, it led to the creation of $42 billion in recording orders.
House Financial Services boss Patrick McHenry commented on the incident as follows: powered by twitter first bank run. Speaking to CNN about the events, Prof. Janet L. Yellen stated that similar incidents have occurred in the past and people collectively went to banks. that you attack but he says it was slower in those years. “We now have Twitter.said the professor, explaining with these words how knowledge can spread so quickly.
The opinions of industry experts do not change much. For example, a technology industry-focused analyst named Ben Thompson explains the cause of what happened. internet says it is. According to Thompson, both information spreads at lightning speed and internet banking thanks to the internet payout race It went faster than ever before. Thompson,”Speed destabilizeshe evaluated.
So what do you think of this topic? Was the bankruptcy of large banks really just because of the messages on Twitter? You can share your ideas with us…
Source: Web Tekno
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
