Bank runs usually start as rumors...................
Posted on 01/25/2024 9:40:19 AM PST by davikkm
In a surprising twist, the European Central Bank is turning to social media to keep tabs on banking sentiments. It’s like giving banks a pair of social media glasses to see how people feel about their money. This shift comes after Silicon Valley Bank and Credit Suisse took a tumble last year, making regulators buckle up and pay closer attention to banks’ financial health.
Picture this: regulators are now not just looking at how much money banks have but also checking what people are saying online. Join us on this journey to uncover how social media insights might just become the secret sauce in keeping our financial world steady.
(Excerpt) Read more at citizenwatchreport.com ...
They attempted to put a square meal inj a round can.
wy69
Europe is charging full steam ahead with a Digital Euro, so people want to get ahold of cash while they still can.
Bank runs usually start as rumors...................
The 1929 crash started in Europe.
I thought we were getting rid of cash. Do you just go online and transfer your money?
And if you don’t, it gets handled for you, for a small conversion fee.
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