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A banking crisis at the blow of a tweet: the panic fueled in the networks that spread to the markets

By The Global Frontier
March 28, 2023

The situation of Silicon Valley Bank (SVB) was no secret to analysts. It was an entity that worked backwards: its clients had a lot of money and the bank, not many people to lend it to. His management decided to invest it in bonds and the story ended badly when the blow of inflation forced the era of low interest rates to end. The US intervened in the entity on a Friday after its situation worsened. At first, the markets received the news with relative calm. But on that weekend, madness broke out on social media. A part of the virtual world was totally convinced that the banking system was about to collapse.

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