Can the U.S. Bank Runs Happen in Canada Too?
The U.S. had several banks go out of business recently with some bank runs. Depositors pulled out their money so quickly on one of them, Silicon Valley Bank, that its closure shocked even regulators. It was operating fine on Thursday morning, and on Friday, it was done. In this episode of the Rock Star Minutes, we discuss what happened and why Canadians should watch for this stuff and prepare themselves accordingly!
