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Transcripts For BBCNEWS World Business Report 20240706

the ripple effects from the collapse of silicon valley bank on friday are being felt accross the world. the us government has now said it will ensure all svb account holders will be able to retrieve any funds they have on monday morning. a statement by the us treasury and federal reserve said the plan will ensure the resilience of the broader us banking system. meanwhile in the uk, the government is warning that up to 200 british start ups and technology firms, are at risk, following the collapse of svb. its british arm, svb uk, has helped with financing for numerous technology and life sciences companies. but it s now feared they won t be able to pay wages or suppliers. the government is due to announce what their plan is to help these firms effected before the markets in london open this morning. here s our business correspondent, marc ashdown. at silicon valley bank we deal in innovation. it s the cool bank for cool customers. the uk arm serves 3500 of the brightest new te

NDIC Justifies Upwards Review of Deposit Insurance Coverage Level

By Tony Obiechina In most countries, banks are the most important financial institutions for intermediating between savers and borrowers, assessing risks, executing monetary policy, and providing payment services. At the same time, the configuration of their portfolios makes them especially vulnerable to illiquidity and insolvency. In particular, by law, bank deposits have to be repaid

Nigeria: Enhancing Depositors' Confidence in Banking Industry

Enhancing Depositors' Confidence in Banking Industry – THISDAYLIVE

Romania's BRD bank reports its net profit shrunk by 4.6% y/y in Q1