March 22, 2024

The collapse of Silicon Valley Bank, First Republic Bank and Signature Bank in close succession in March 2023 demonstrated how quickly a run on a bank can accelerate in a post-social media world. In our latest free report, we look at how banks may mitigate social media risk and consider how regulators could be tackling the issue in the near future.

The US Commodity Futures Trading Commission (CFTC) has fined US Bank, a swap dealer, and Oppenheimer, an introducing broker, for recordkeeping failures in relation to their employees’ use of text messages.