UK lenders may need more cash to withstand social-media fuelled bank runs
Banks in Britain may need to
hold more cash as the rapid spread of news via social media
could make them more vulnerable to runs during system outages,
technical glitches and other shocks, a senior Bank of England
official said on Wednesday.
hold more cash as the rapid spread of news via social media
could make them more vulnerable to runs during system outages,
technical glitches and other shocks, a senior Bank of England
official said on Wednesday.
Posted by Reuters