Banks are failing around the world. Could it happen here?

The Saturday Paper

Lean Left

High Factuality

Independent: Schwartz Publishing

Banks are failing around the world. Could it happen here?

When you think about a bank run, you might think of lines around the block – of regular workers eager to get their hard-earned wages out of a troubled bank. But recently there’s been another kind of bank run, one that plays out over group chats and email threads involving Silicon Valley billionaires and cryptocurrency investors. The panic among this group of depositors has already led to the collapse of several small and medium-sized banks in th…