If everybody pulled 20% of their money out of a bank it would be done (see fractional reserve), everybody pulls 100% out to stick in some money market account making 6% or whatever (compared to the basically 0 of most consumer stuff) or cash under the mattress and actually does not need to be everybody but will go that much faster.Every time a bank fails, things just end up benefiting actual people. We need more of this please, and on a larger scale.
There are ways you could further increase their pain as well but those will cost you, especially with interest rates being what they are and probably impact your credit score.
Equally on "but up to 250000 is insured" then yeah and ignoring that it does not have the funds to do much if many more do go pop then have you ever dealt with an insurance company? Moreover you have presumably also dealt with government bureaucracy and when their powers combine...
They are very aware of this as well so are looking to prevent that
You might then have to get a bit creative with your approaches to get money out.
Seems SVB had a lot of warning signs a month before the deed (as well as far further back than that) with it being played down so those truly in the know could get it sorted.
Anyway it is spreading to other banks still so people are looking for the second wave to happen. Been waiting to see what will happen before making another post but Charles Schwab is high on the list
https://uk.news.yahoo.com/charles-schwab-stock-declines-morgan-134700704.html
More fun beyond headlines which seem to opt for best case scenario