Did social media cause the banking panic?

Did social media cause the banking panic?
After the fall of Silicon Valley Bank, the idea of faster bank runs is understandably causing concern. (Image: Getty)
The Economist
The banking turmoil that has sent a handful of American and European lenders to the wall in recent weeks has a new feature. Use of social media and messaging apps, which spread information at lightning pace to an ever-larger group of panickers, marks a break from past crises. Meanwhile, new digital-finance tools let nervous depositors withdraw funds as soon as the notion strikes them, whether from offices in San Francisco or ski slopes in Saint Moritz.After the fall of Silicon Valley Bank, the idea of faster bank runs is understandabl...

More Opinion

The reasonable terms of the methane debate
Opinion

Adrian Macey and Dave Frame: The reasonable terms of the methane debate

Promoting methane reduction policies that would make the world warmer make no sense.

Hopium is not a strategy
Opinion

Dileepa Fonseka: Hopium is not a strategy

Unjustified optimism is everywhere, and it’s not helping.

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Cleantech: Burst bubble or our biggest opportunity?
Opinion

Peter Griffin: Cleantech: Burst bubble or our biggest opportunity?

A thriving cleantech sector could be NZ’s ticket to a sustainable, high-value economy.

Peter Griffin 02 Jul 2025