and hopes of a deal between gary lineker and the bbc in a row over impartiality which disrupted sports programmes over the weekend. hello and welcome to bbc news. the us government says people and businesses who have money deposited at silicon valley bank, which collapsed last week, will be able to access all their cash from today. a statement from the us treasury and the federal reserve said depositors would be fully protected and said american taxpayer would not bear any losses from the move. the same guarantees have been given to account holders with signature bank of new york, which was badly hit by the turmoil and came under regulatory control on sunday. in the uk, the government has announced that hsbc will buy the uk arm of svb, meaning customers will be able to access their deposists and banking services as normal. here s the uk s finance minister. well, there was never a systemic risk to our financial stability in the uk. the bank of england governor made that clear
five or ten years being really characterised by a lot of churn and push towards more statism. we remain quite sceptical of the ability to turn the economic fortunes. there have been good signs in the past, a few days that they are a bit more rational, realistic, setting the gross targeted 5% but the end of the day, the composition of the committee is reallyjust where xi jinping is, that shows that politics will be there for a little while longer so we take the news with a grain of salt. i longer so we take the news with a grain of salt- longer so we take the news with a grain of salt. i wonder some of the events matching grain of salt. i wonder some of the events matching away grain of salt. i wonder some of the events matching away from - grain of salt. i wonder some of the i events matching away from mainland china do weigh on the willingness of international companies to continue investing in increased investments investing in increased investments in china. we have t
in the uk, the government has announced that hsbc will buy the uk arm of svb, meaning customers will be able to access their deposists and banking services as normal. here s the uk s finance minister. well, there was never a systemic risk to our financial stability in the uk. the bank of england governor made that clear from the outset, but a number of our most promising and important technology and life science companies had their money with silicon valley bank, in their uk branch. so we ve been working over the weekend, i ve been in constant contact with the governor of the bank of england, the prudential regulatory authority, the prime minister, to work up a solution. we do now have that solution, a sale has been agreed to hsbc, which is europe s biggest bank, one of the most credit worthy institutions in the world. and what that means is that all those really important companies that had deposits with silicon valley bank uk can access their deposits, can access normal banking servi
will buy the uk arm of svb, meaning customers will be able to access their deposists and banking services as normal. here s the uk s finance minister. there was never a systemic risk to our financial stability in the uk. the bank of england have not made that clear but a number of our most promising and important technology and life science companies had their money with silicon valley bank in the uk branch. we have been working over the weekend, in constant contact with the governor of the bank of england, the regulatory authority, to work up a solution. we have that solution, a sale has been agreed to hsbc which is europe s biggest bank, one of the most credit worthy institutions in the world. all those really important companies