Bank Runs Hit 22 US Lenders in 2023 As Wave of Panic Sank Silicon Valley Bank: New York Federal Reserve

The collapse of Silicon Valley Bank (SVB) triggered a wave of bank runs at 22 US lenders last year, according to an under-the-radar report from the New York Federal Reserve. Depositors pulled cash from the unnamed banks en masse on March 10th and March 13th, 2023 – with some lenders losing up to 10% of The post Bank Runs Hit 22 US Lenders in 2023 As Wave of Panic Sank Silicon Valley Bank: New York Federal Reserve appeared first on The Daily Hodl .