Google Trends data shows searches for “banking crisis”, “bank runs”, Skyrocket –
Interest in the US banking crisis has surged over the past two weeks, data from Google Trends shows. Search queries for terms such as “banking crisis”, “bank collapse” and “bank failure” have increased significantly. On March 13, 2023, the search term “Banking Crisis” achieved the highest Google Trends score of 100. The related topics concern the financial problems of Silicon Valley Bank, Signature Bank and First Republic Bank.
Google Trends shows that global interest in the US banking crisis increased last week
Google Trends data shows a significant increase in public interest in the US banking crisis, with searches skyrocketing. A search for the term “banking crisis” shows people asking Google various related questions, including “What happens to my money when banks fail?”, “What are the ill effects of a banking crisis?” and “Which US banks? collapsed?”
The surge in public interest has been attributed to the collapse of three banks: Silvergate Bank, Signature Bank and Silicon Valley Bank. Two of the three banks are among the second and third largest bank failures in US history, following the 2008 collapse of Washington Mutual (Wamu). People have also raised concerns about other banks, including Pacwest Bancorp, First Republic Bank and Swiss banking giant Credit Suisse.
According to Google Trends, global interest in bank failure reached 100 on March 13. The increase started on March 9, 2023 and is currently at 34 points. On March 13, search terms like “banking crisis,” “bank collapse,” and “US banks” saw a significant spike in searches. While a significant amount of interest is coming from the United States, there is also strong interest from countries such as Zimbabwe, Canada, China, Egypt, New Zealand and Singapore.
Google Trends has also tracked other breakout searches, such as “banking crisis 2023”, “banking crisis in Silicon Valley”, and “banking crisis in the US”. In the last 14 days, searches for banks of various sizes have increased, including banking giants, mid-sized financial institutions and smaller banks. The last time searches for these terms peaked was during the Great Recession of 2008, specifically during the months of June, July, August, September, and October.
Bank-related terms such as “deposits”, “insured deposits”, “uninsured deposits”, “bank run”, “FDIC”, “bailout”, “bailouts”, “Federal Reserve”, “Fed”, “interest rates”. , “rate hike” and “rate hike” were also trending higher for the past two weeks.
What do you think of the surge in Google searches and US banking crisis searches over the past month? Do share your thoughts on this topic in the comments section below.
photo credit: Shutterstock, Pixabay, Wiki Commons, Google Trends on March 19, 2023,
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src=”
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
Source: Crypto News Deutsch
