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A comment on FDIC Takes over Silicon Valley Bank. Parent comment

Re:FDIC Takes over Silicon Valley Bank by ashwagary on Friday March 10, 2023 @02:15PM (#35099397)
I just saw recent footage of 40-50 people standing in line outside an SVB branch waiting for service (withdrawals most likely).

I would surmise that the news spread fast among the tech demographic the bank services and the run is really bad.

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Re:FDIC Takes over Silicon Valley Bank by toufka on Friday March 10, 2023 @02:22PM (#35099474)
And in this case, tech savy individuals are willing to send $XXM in 6 clicks, 3min after getting a slack message. That's a pretty quick kind of run relative to old-school 'stand in line for your personal life savings' kind of run.
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