and not putting all your eggs in one basket. when you look at other banks they have large holdings of similar things but there are rules in place to have much more diversified portfolios and unless you have to sell those investments you don t tend to run into the same problems. silicon valley bank also had an arm here in the us you in the uk and this morning the hsbc agreed to buy it forjust over one us dollar. in a deal that involves no taxpayer money. the move was save thousands of british tech startups and investors from losses and potential collapse. the banking systems had no other uk banks had been materially affected by sub collapse. here is the uk transferjeremy hunt. shill the uk transferjeremy hunt. all those the uk transferjeremy hunt. fill those really eating important companies that had deposits with silicon valley bank uk can access their deposits and normal banking services as of this morning. it is a
collapse of silicon valley bank uk. you re watching bbc news. many of us might like to take a weekend stroll in a beauty spot but here in the uk too many of them are seemingly marred by litter. one group of volunteers says they ve filled hundreds of bin bags with the rubbish collected from a set of lakes in north warwickshire in the midlands. amy cole went to find out more. take a look at this. there are 7a bags of rubbish along here, including some larger items such as this children s trike. it was all collected over the weekend. but look, there are all these white bags of rubbish, too, and that was all collected five weeks ago. and it s still to be disposed of. what s going on? beavering away along lea marston lakes is a small army of litter pickers. well, they told me this was a rubbish story and they weren t wrong. it s everywhere. phil, you re up to your eyeballs in the stuff. where is it all coming from?
and it has now been confirmed that the bank of london has submitted a formal proposal for the uk subsidiary of silicon valley bank. a consortium of leading private equity firms, led by the bank of london, confirms it has submitted formal proposals to his majesty s treasury, the prudential regulation authority at the bank of england and the board of silicon valley bank uk. we are expected see and hear more about what is happening on monday morning.
in the mediterranean sea. it comes days after the prime minister, promised harsher prison sentences for human traffickers. britain s prime minister rishi sunak and chancellorjeremy hunt will hold talks with the governor of the bank of england in response to the collapse of silicon valley bank uk. you re watching bbc news. now it s time for political thinking with nick robinson. what makes the daughter of immigrants willing to risk the wrath of liberal britain by warning that we face an invasion of migrants, that up to 100 million could come here, that those who oppose her plan to stop the boats aren t real patriots? indeed, that they re
to get us nuclear subs. britain s chancellor says he s working with the prime minister and the governor of the bank of england to try to avoid all loses for companies with investments in silicon valley bank uk after the failure of its parent company in the us. and the countdown to the oscars begins but who will be smiling at the end of hollywood s biggest event of the year? the controversy over bbc sports presenter gary lineker and his tweets criticising the uk government s policy on asylum seekers shows no sign of abating. yesterday, it led to widespread disruption of the corporation s football coverage, as fellow presenters and commentators pulled out in support of the former england international. he d been told by the bbc to step back from presenting its flagship