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

Interest within the U.S. banking disaster has risen significantly over the previous two weeks, as proven by Google Trends information. There has been a pointy improve in queries associated to go looking phrases equivalent to “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search time period “banking crisis” reached the highest Google Trends rating of 100. The associated subjects pertain to the monetary 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 information reveals a big improve in public curiosity within the U.S. banking disaster, with searches skyrocketing. A search utilizing the time period “banking crisis” exhibits that individuals are asking Google numerous associated questions, together with “What happens to my money if banks collapse?,” “What are the negative effects of a banking crisis?,” and “Which U.S. banks have collapsed?”

The surge in public curiosity 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 many second and third largest financial institution failures in U.S. historical past, after Washington Mutual (Wamu) collapsed in 2008. People have additionally expressed considerations about different banks, together with Pacwest Bancorp, First Republic Bank, and the Swiss banking large Credit Suisse.

According to Google Trends, worldwide curiosity within the subject of “bank failure” reached a rating of 100 on March 13. The improve started on March 9, 2023, and at the moment stands at 34 as of this writing. On March 13, search phrases equivalent to “banking crisis,” “bank collapse,” and “U.S. banks” all noticed a big improve within the variety of searches. While a good portion of the curiosity comes from the United States, there may be additionally sturdy curiosity from international locations equivalent to Zimbabwe, Canada, China, Egypt, New Zealand, and Singapore.

Google Trends has additionally recorded different breakout searches, equivalent to “banking crisis 2023,” “silicon valley banking crisis,” and “banking crisis in US.” In the previous 14 days, search queries for banks of varied sizes have elevated, together with banking giants, medium-sized monetary establishments, and smaller banks. The final time searches for these phrases peaked was through the Great Recession in 2008, particularly within the months of June, July, August, September, and October.

Banking-related phrases, equivalent to “deposits,” “insured deposits,” “uninsured deposits,” “bank run,” “FDIC,” “bailout,” “bailouts,” “Federal Reserve,” “Fed,” “interest rates,” “interest rate hikes,” and “rate hikes,” have additionally been trending upward over the past two weeks.

What do you consider Google searches and queries in regards to the U.S. financial institution disaster rising over the past month? Share your ideas about this topic within the feedback part beneath.