BBCNEWS BBC News June 4, 2024 01:08:00
In the us now. there are warnings that the collapse of a large american bank and its british arm could have a significant impact on tech start—up businesses. the british chancellor, the finance minister, jeremy hunt, has met the governor of the bank of england, andrew bailey, to discuss the collapse of silicon valley bank, which mostly financed tech start—ups. more than 200 companies in the uk had asked ministers to intervene. it's the biggest failure of a us bank since the 2008 financial crisis. we can now speak to fintech influencer and commentator theo lau, who's also founder of unconve...