Prime Minister Rishi Sunak said the British government was working to find a solution to limit the potential hit to companies resulting from the collapse of U.S. lender Silicon Valley Bank.
Sunak said he understood “the anxiety and the concerns customers of the bank have,” in comments made to reporters flying with him to the United States. He and the government were “making sure we can work to find a solution that secures people’s operational liquidity and cash-flow needs”, he said.
Friday’s dramatic failure of SVB Financial Group, which focuses on tech startups, was the biggest bank collapse in the United States since the 2008 financial crisis….