German central bank chief warns of social media risks

FRANKFURT, July 19 (Xinhua) -- The head of the German central bank warned on Wednesday that fakes news on social media can trigger bank runs, which can plunge banks into crises, local German media reported on Wednesday.

Talking to German media, the Bundesbank President Joachim Nagel cited the case of Silicon Valley Bank that collapsed due to a bank run.

Nagel suggested that banking supervision could be ex