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The Independent UK
The Independent UK
National
Ken Sweet and Stan Choe

Bank runs used to be slow. The digital era sped them up

1982 AP

A bank run conjures images of “It’s a Wonderful Life,” with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money.

The failure of Silicon Valley Bank last week had the panic but few other similarities, instead taking place on Twitter, message boards, cell phones and bank websites.

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