welcome
The Hill

The Hill

Technology

Technology

SVB collapse is first social media-based bank run, senator says

The Hill
Summary
Nutrition label

65% Informative

Sen. Mark Warner (D-Va.) placed blame on venture capitalists and other depositors at the bank for coordinating their bank withdrawals over social media and online group chats.

Warner was one of 17 Democrats who voted for a 2018 bill to loosen regulations on mid-sized banks.

Progressives have blamed the law for spurring on the recent bank failures.

VR Score

73

Informative language

75

Neutral language

38

Article tone

semi-formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links