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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 14:32:00

Calling for tougher rules. today, hanks to the quick action of my administration of the past few days, americans can have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that have deposit accounts at these banks can breathe easier knowing they ll be able to pay their workers and pay their bills. and their hard working employees can breathe easy as well. last week, when we learned of the problems of the banks and the impact they could have on jobs and small businesses and the banking system overall, i instructed my team to act quickly to protect these interests. they ve done that. we determined that the crisis in 2008 we determined that the crisis in 2008 should not happen again. unfortunately, the last administration rolled back these requirements. i m going to ask the administration to. protect american administration to. protect americanjobs and small administration to. protect american jobs and small ....

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