Bank runs, by their very nature, happen fast. But in an age of instant communication, social media and money transfers at the touch of a button, they can now happen in the blink of an eye.
NPR's Juana summers talks with former Congressman Barney Frank about the collapse of Silicon Valley Bank and Signature Bank and the Dodd-Frank rollback of 2018.
NPR's Leila Fadel talks to Nobel Prize winner Douglas Diamond, who studies why banks fail, about what the collapses say about the stability of America's banking system.
President Biden also said insiders and investors won't be bailed out, but that companies that used the bank will be able to pay their employees and bills.
Federal officials seek to restore public confidence in the banking system after Silicon Valley Bank collapses. The Oscars were handed out Sunday night. Former President Trump will campaign in Iowa.