crisis. the collapse of silicon valley bank on friday has sent shock waves around the world. it is foiled full central banks and regulators to act. on friday, california banking regulator closed down. largest bank failure since the globalfinancial largest bank failure since the global financial crisis. largest bank failure since the globalfinancial crisis. since largest bank failure since the global financial crisis. since then, to other regional banks have also gone bankrupt, silver gate and signature bank in new york. in a big draw bid to stem contagion across the industry the government stepped in and guarantee deposits across the entire banking system, ensuring that all account holders could retrieve their funds. all account holders could retrieve theirfunds. meanwhile, here in uk, hsbc has acquired silicon valley bank uk forjust a pound. government said customer deposits have been protected and no taxpayer money will be used to bail out the bank. president biden hasju
the biden administration approves a controversial oil drilling project in alaska despite fierce opposition from environmentalists no losses will be borne by the taxpayers. the money would come from the fees the bank pays in the deposit insurance fund. junior doctors in england begin three days of strike action in their dispute over pay and conditions and at the academy awards, one film wins almost everything all at once, including best actress the uk s prime minister rishi sunak says china represents a challenge to world order, as it has fundamentally different values. the remark has come ahead of major talks on a defence agreemtment between the us, uk and australia, due to get under way in san diego shortly. here are pictures of president biden that move is seen as an attempt to counter chinese military power in the indo pacfic region. the discussions come as the uk also way in san diego shortly. here are pictures of president biden leaving andrews airbase for those
at how the war in ukraine is shifting global alliances. and at the oscars, it s in your a clean sweep for the sci fi from everything, everywhere all at once. welcome to world news america, in the uk, on pbs, and around the globe. we begin tonight here in the unites states, where president biden has said americans should rest assured that the us banking system remains safe, after the failure of the california based silicon valley bank. markets wobbled as regulators tried to contain the damage from the biggest us bank failure in 15 years. here s what the president had to say. thanks to the actions of my administration, americans can be positive their deposits will be safe. they will be there when you need them. small businesses who deposit their money will be safe in knowing they can pay their workers and pay their bills. hard working employees can breathe easy as well. let s take a look at why silicon valley bank collapsed. until last friday it was the 16th largest bank in the
money. but if they were in the pain i m in, i think i might go into work tomorrow and get their fingers out. the health secretary says a 35% pay rise is completely unaffordable. also tonight, gary lineker and the bbc agree a deal that sees his return to match of the day. a man has died after a gas explosion at a house in swansea. has died after a gas explosion at a - house in swansea. and house in swansea. michelle yeoh. and the oscars and coming up on the bbc news channel. andy murray takes to the indian worlds court later as he looks to secure a play from the last 16 against fellow britain jack draper. it s the biggest strike by doctors in the history of the nhs. tens of thousands ofjunior doctors across thousands of junior doctors across england thousands ofjunior doctors across england have begun three days of industrial action over pay. they may be called junior but in reality many are very experienced. consultants however are not on strike. junior doctors make up 40%