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BBCNEWS World Business Report July 6, 2024

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 ....

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BBCNEWS World Business Report June 4, 2024 14:33:00

System can rest assured that our banking system is can rest assured that our banking system is safe. your deposits are safe system is safe. your deposits are safe let system is safe. your deposits are safe. let me also show you, we will not stop safe. let me also show you, we will not stop at safe. let me also show you, we will not stop at this. we will do whatever is needed. not stop at this. we will do whatever is needed.- not stop at this. we will do whatever is needed. let me also assure yom whatever is needed. let me also assure you. that whatever is needed. let me also assure you. that was whatever is needed. let me also assure you. that was president - biden speaking just a little while ago trying to in via share investors andindeed ago trying to in via share investors and indeed the wider banking community. michelle fleury is a new york for us. words of reassurance were needed and we still see that banking seller can tell you. there is a lot of nervo ....

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