millions of dollars to deal with illegal channel crossings. hello and welcome to bbc news. start in the us where regulators have shut down silicon valley bank, one of the major lenders to tech companies and start ups. in one of the largest banking failures in the us since the 2008 financial crisis. tech correspondent jane clinton has explained how it happened. but forjames. this is one of the days that will go down in silicon valley history and it certainly one of the most stressful days for silicon valley founders in modern times. we spoke to people today who have been able to withdraw their money from silicon valley bank and some haven t. one person put in a wire request yesterday and waited nearly 2a hours and eventually found out they got the money out but another person says they have tried and tried and tried and have not been able to withdraw any funds and say they physically came down to one of these branches to try and get these branches to try and get the money out.
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<p>Good morning, everyone.</p>
<p>Let me start by thanking Innovate Finance for inviting me and for organising such a fantastic conference.</p>
<p>As ever, you really are kicking off UK Fintech Week in style.</p>
james clayton reporting from silicon valley. brett king is a fin tech order and co founder of mobile banking start up movement and joins us from north carolina. we heard from our reporter a sense of panic and concern around start ups. you are in that industry. how are you feeling in terms of what this means for the companies like you moven. means for the companies like you maven- you moven. silicon valley bank is a you moven. silicon valley bank is a mainstay you moven. silicon valley bank is a mainstay of - you moven. silicon valley bank is a mainstay of the - you moven. silicon valley bank is a mainstay of the fin | bank is a mainstay of the fin tech industry. a lot of intakes started their businesses running accounts out of there and so forth and there will be companies cannot make payroll next week as a result of this presumably fin techs. unless the deal is done last minute. but there is some uncertainty around it but at the same time, it s not entirely unex
The Vice-President, Dr Mahamudu Bawumia, has said the quest to restore fiscal and debt sustainability will require very bold and difficult but firm decisions.