Abstract
On March 9, 2023, a 42 billion dollar bank run in a single day on Silicon Valley Bank (SVB) resulted in bank failure. A trio of bank failures in March 2023 are the first major bank failures in the United States (U.S.) since the 2008 financial crisis and its aftermath. In contrast to earlier bank runs, the run on SVB took place in a timeframe more accurately measured in hours than days. Online withdrawals made this possible, while earlier bank runs and bank failures took more time due to account holders having to visit in person to make large withdrawals.
| Original language | American English |
|---|---|
| Pages (from-to) | 9-10 |
| Number of pages | 2 |
| Journal | Technical Services Law Librarian |
| Volume | 49 |
| Issue number | 1 |
| State | Published - Sep 1 2023 |