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
and india have reached the final of the men s cricket world cup after beating new zealand in a thrilling semi final. and on newsnight at 10.30 we ll go deeper behind the headlines and speak live to key players on today s big stories. plus, a first look at tomorrow s front pages. good evening. it has been a dramatic day in westminister. the prime minister, rishi sunak, has said he will press ahead with plans to send asylum seekers to rwanda, despite the policy being ruled unlawful by the supreme court. the prime minister said emergency legislation would be brought in to confirm rwanda is safe , and aim to stop a stream of legal challenges blocking the policy. he said he remained committed to his pledge to stop the small boats which have brought thousands of migrants across the channel. labour called the proposals a ridiculous and pathetic spectacle. our political editor, chris mason, has more. the geography of power parliament in the background this morning, the supreme c
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
society, and spending more than a week trapped at the bottom of the storm drain and took them a couple of days to close the little kicky, kitty out. the animal was to the animal hospital for treatment. adopted by none other than the firefighters who helped rescue it. how sweet. up next home security camera capturing this. check it out and you have to watch closely a fireball across the alberta sky. the american meteor right society hard a sonic boom at the same time they saw the fiery spectacle and finally, chevy chase making a surprise visit to south carolina chicken restaurant while in the area for special screening of holiday classic. one of the greatest movies ever made, national lampoon s christmas vacation and we watch it every year without a doubt and sometimes more than once. raising cane s restaurant, 78-year-old chase decided to work behind the counter and