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Overseas banks like SVB and Signature are falling over Should we be worried here?

Billionaire Investor Warns Economy Heading for Train Wreck After Fed s Latest Move

Transcripts for BBCNEWS World Business Report 20240604 05:39:00

svb uk. they wrote an open letter to the chancellor asking for help. what is your hope for what we may hear from the government before eight o clock this morning? the government before eight o clock this morning? government before eight o clock this morning? the hope from the government this morning? the hope from the government is this morning? the hope from the government is really this morning? the hope from the government is really key. - this morning? the hope from the government is really key. what l government is really key. what we will need the equivalent of the deposit guarantee and this is not about svb uk or bailing out the bank but getting access to the funds. for example, i know of a health tech company in the uk who banks with svb and they support cancer patients and has big contracts with the nhs and their funds are locked away. and another fintech, a large company helping millions of us to access to our credit scores and their payroll is tied up in svb. so, is a

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