tend to run into the same problems. silicon valley bank also had an arm here in the uk, this morning british multinational, hsbc, agreed to buy it forjust over one us dollar. it s a deal that involves no taxpayer money. the move will save thousands of british tech startups and investors from big losses and potential collapse. the bank of england said no other uk banks had been materially affected by svb s collapse. here s uk chancellorjeremy hunt. all those really 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 very important outcome. no taxpayer money has been used as a result of a lot of hard work. our business reporter katie silver explains what impact the bank s lananh nguyen, is the us finance editorfor the reuters news agency. the us government has stepped in to