silicon valley bank s collapse on friday has sent shock waves around the world. it s forced central banks and regulators to act. on friday, california banking regulators closed down svb financial group the largest bank failure since the global financial crisis. since then, two other regional banks have also gone bankrupt silvergate, signature bank in new york while first republic was also forced to reassure investors after its shares plunged 60% in pre market trading. in a bid to stem contagion across the industry, the us government stepped in, effectively guaranteeing deposits across the entire banking system, ensuring all 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 here in the uk, hsbc has acquired silicon valley bank uk forjust one pound. the uk govt also said customer deposits will be protected an
to bail out the bank. uk chancellorjeremy hunt assured the bbc earlier that the british banking system is secure. we always have to watch everything that is we always have to watch everything that is happening around the world when that is happening around the world wheh it that is happening around the world when it comes to financial stability. the uk banking system is extremely stability. the uk banking system is extremely secure, it is well capitalised and i think we demonstrated that resilience by what was happening over the weekend and the fact was happening over the weekend and the fact we was happening over the weekend and the fact we were able to come up with a the fact we were able to come up with a solution so quickly. dharshini david is our global trade correspondent. just remind us how all of this happened. just remind us how all of this happened- just remind us how all of this ha ened. , ,., ~ ,, . happened. this is a bank, svb, which wasn t familiar happe
to whether or not the western countries should be buying russian oil and gas at all. and that means making hard choices. you oil and gas at all. and that means making hard choices. oil and gas at all. and that means making hard choices. you must leave it there and making hard choices. you must leave it there and is making hard choices. you must leave it there and is good making hard choices. you must leave it there and is good to making hard choices. you must leave it there and is good to talk making hard choices. you must leave it there and is good to talk to - making hard choices. you must leave it there and is good to talk to you. i it there and is good to talk to you. many thanks. today was the wet day of the week, things are looking drier over the coming few days ahead. he will have skies clearing. and this saw the rain shaped up today. it has been developing quite widely across parts of england and just beginning to move away from eastern areas of scotland, stiffs may r
campaign, yourfightand it s to get depressed, to continue the campaign, yourfight and it s been absolutely overwhelming. hopefully, will put it behind us and get back to our normal life before all of this happened. to our normal life before all of this happened. to our normal life before all of this ha ened. ., , ., ., this happened. final question. you mentioned your this happened. final question. you mentioned your communication, i this happened. final question. you i mentioned your communication, what did they tell you about why he has been released now? we did they tell you about why he has been released now? been released now? we always believed that been released now? we always believed that there been released now? we always believed that there was - been released now? we always believed that there was a i been released now? we always| believed that there was a strong link between the detention of these individuals and the payment of the debt and we were assured that ste
company intsight global. the fourth week, what is your analysis first of all of where we are at the moment? analysis first of all of where we are at the moment? hello, rebecca. it s a are at the moment? hello, rebecca. it s a surprise are at the moment? hello, rebecca. it s a surprise to are at the moment? hello, rebecca. it s a surprise to everyone, - are at the moment? hello, rebecca. it s a surprise to everyone, not i it s a surprise to everyone, not least, that we are still going on at the stake. he thought it would be a rapid attack, roll into kyiv and get leadership there and that was it. but that has not been the case and for several reasons. because of that assumption, the planning lacked detail, where the big things is the moral component and that really speaks to both the russian forces that many of them did not know that there were actually going to war, particularly with their brothers and