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Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket

News Feed - 2023-03-20 02:03:27

Google Trends Data Reveals Searches for "Banking Crisis," "Bank Runs," Skyrocket


Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends score of 100. The related topics pertain to the financial troubles of Silicon Valley Bank, Signature Bank, and First Republic Bank. Google Trends Shows Global Interest in U.S. Banking Crisis Spiked Last Week


Google Trends data reveals a significant increase in public interest in the U.S. banking crisis, with searches skyrocketing. A search using the term “banking crisis” shows that people are asking Google various related questions, including “What happens to my money if banks collapse?,” “What are the negative effects of a banking crisis?,” and “Which U.S. banks have collapsed?” Related questions shown on Google pertaining to the recent U.S. bank collapses.


The surge in public interest is attributed to the collapse of three banks: Silvergate Bank, Signature Bank, and Silicon Valley Bank. Two out of the three banks are among the second and third largest bank failures in U.S. history, after Washington Mutual (Wamu) collapsed in 2008. People have also expressed concerns about other banks, including Pacwest Bancorp, First Republic Bank, and the Swiss banking giant Credit Suisse. Google Trends data on March 19, 2023, 30-day statistics, worldwide for the search term “bank failure.”


According to Google Trends, worldwide interest in the topic of “bank failure” reached a score of 100 on March 13. The increase began on March 9, 2023, and currently stands at 34 as of this writing. On March 13, search terms such as “banking crisis,” “bank collapse,” and “U.S. banks” all saw a significant increase in the number of searches. While a significant portion of the interest comes 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 recorded other breakout searches, such as “banking crisis 2023,” “silicon valley banking crisis,” and “banking crisis in US.” In the past 14 days, search queries for banks of various sizes have increased, including banking giants, medium-sized financial institutions, and smaller banks. The last time searches for these terms peaked was during the Great Recession in 2008, specifically in the months of June, July, August, September, and October. Google Trends data on March 19, 2023, 30-day statistics, worldwide for the search term “bank crisis.”


Banking-related terms, such as “deposits,” “insured deposits,” “uninsured deposits,” “bank run,” “FDIC,” “bailout,” “bailouts,” “Federal Reserve,” “Fed,” “interest rates,” “interest rate hikes,” and “rate hikes,” have also been trending upward over the last two weeks. Tags in this story Bailout, bank collapse, Bank Failure, Bank Run, Banking Crisis, Canada, China, credit suisse, economic turmoil, Egypt, FDIC, Federal Reserve, Financial Institutions, Financial Regulation, financial stability, First Republic Bank, Google, Google trends, Google Trends Banks, Insured Deposits, interest rates, New Zealand, Pacwest Bancorp, Public Interest, rate hikes, Signature Bank, Silicon Valley Bank, Silvergate Bank, Singapore, Uninsured Deposits, United States, worldwide interest, Zimbabwe


What do you think about Google searches and queries about the U.S. bank crisis increasing over the last month? Share your thoughts about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen NEWS | 18 hours ago UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal NEWS | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons, Google Trends on March 19, 2023, Previous articleBitcoin’s Ordinal Inscriptions Surpass 500,000 Mark as Miners Earn $2.66 Million in Added Fees Next articleBitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


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