the ripple effects from the collapse of silicon valley bank on friday are being felt accross the world. the us government has now said it will ensure all svb 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 in the uk, the government is warning that up to 200 british start ups and technology firms, are at risk, following the collapse of svb. its british arm, svb uk, has helped with financing for numerous technology and life sciences companies. but it s now feared they won t be able to pay wages or suppliers. the government is due to announce what their plan is to help these firms effected before the markets in london open this morning. here s our business correspondent, marc ashdown. at silicon valley bank we deal in innovation. it s the cool bank for cool customers. the uk arm serves 3500 of the brightest new te
similarities to the svb so i think markets will continue to be volatile. the sentiment has calmed down a little bit. just exlain calmed down a little bit. just explain how calmed down a little bit. just explain how svb calmed down a little bit. just explain how svb could become so weak, as it were, to the point that it actually collapsed and some are saying there are banks that have been asked to buyer, rescue it and they want to. = = rescue it and they want to. - - the do rescue it and they want to. - - they do not rescue it and they want to. - - they do not want rescue it and they want to. - - they do not want to. rescue it and they want to. > ยป they do not want to. svb is special, its deposit base very unique and concentrated in businesses in the early stage of the company and as interest rate rises they have been impacted and because of this depositors were withdrawing funds and at the same time, banks have assets which are usually loans, long term loans, and also invest