About this episode
It used to be that bank runs took weeks, or even months, to gain steam. Not anymore. Thanks to the speed of electronic financial transactions and near-instantaneous online communication, the financial panics that felled Silicon Valley Bank and Signature Bank earlier this month materialized in a matter of days. Is there a solution for preventing this? Bloomberg Law reporter Evan Weinberg looked into this question for a recent story. He joins our weekly legal news podcast, On The Merits, to explain why it's unlikely regulators will be able to stop flash bank runs anytime soon. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.