The British government has coordinated an emergency meeting with tech companies affected by bankruptcy UK subsidiary of Silicon Valley Bank. Less than 24 hours from the reopening of the stock exchanges, we are worried about the consequences of the bankruptcy of the Californian bank.
Jeremy Hunt, Minister of Finance of the United Kingdom assured that the governor of the Bank of England “has made it very clear that there is no systemic risk for our financial system”. “SO, people should be calm on this basisbut there is a serious risk to our technology companies“, added.
This Sunday a recording was released which Greg Becker, President of Silicon Valley Bank he sent his workers just before the entity collapsed which you can see in the video above. “My unfair question is that they can stay, try to support each other, trying to support our customers…he asked, but the fear spread too quickly.
Companies are now looking for ways to pay their wages. They are not only technological, a good part of the solar energy companies The Americans financed themselves through the bank. was seen Cryptocurrencies also infected. The digital dollar lost parity with the US currency.