U.S. Bank Collapse: DigiTech, social media escalate failures, cause havoc
CGTN, 18 Mar 2023
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https://www.cgtn.com/video
Silicon Valley Bank is the first true digital bank run, says Richard Turrin, veteran investment banker, expert on digital fintech and author of "Cashless: China's Digital Currency Revolution." Social media was part of the bank run, which triggered panic and led to people who are connected to the bank digitally moving their money in a heartbeat.
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https://www.cgtn.com/video
Silicon Valley Bank is the first true digital bank run, says Richard Turrin, veteran investment banker, expert on digital fintech and author of "Cashless: China's Digital Currency Revolution." Social media was part of the bank run, which triggered panic and led to people who are connected to the bank digitally moving their money in a heartbeat.
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
