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Now playing Next Money HSBC to buy the UK subsidiary of collapsed Silicon Valley Bank HSBC has agreed to acquire the UK subsidiary of Silicon Valley Bank for just £1 (€1.13) in a bid to protect the country’s tech sector. 13/03/2023
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Now playing Next Money Silicon Valley Bank collapse the largest since 2008 financial crisis The US, and the technology sector which were among its biggest customers, face another Lehman Brothers moment with the failure of SVB. 11/03/2023
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Now playing Next Sri Lanka President to quit as protesters storm residences over economic chaos Crowds stormed the president's home and office in Colombo on Saturday, and set the PM's home alight, amid anger over the worst economic crisis in decades. 09/07/2022
Now playing Next Money Wall Street watchdog to laid-off crypto staff: ‘Come work for us’ The US Financial Industry Regulatory Authority plans to boost its workforce, and has an eye on fired Coinbase workers who know the cryptocurrency industry from the inside. 15/06/2022
Now playing Next world news Lebanon votes amid economic woes and political uncertainty The Lebanese political system is complex and based on dividing religions. A voter’s choice of candidate is pre-determined based on their religion and there is little motivation for the sides to work together. 15/05/2022
Now playing Next Money Terra Luna fall: Is this cryptocurrency's 2008 financial crash moment? The stablecoin Terra and Luna crisis has rocked the price of Bitcoin and Tether too. This is how it all unfolded. 12/05/2022
Now playing Next Germany Ex-CEO of Wirecard charged with fraud by German prosecutors The financial payments company collapsed in 2020 amid allegations that much of its revenue and assets were faked. 14/03/2022
Now playing Next Money Bitcoin falls below $40,000 for first time since September The world's most valuable crypto has once again plunged in value, briefing dipping below the $40,000 mark on Monday. 10/01/2022
Now playing Next China China's real estate giant Evergrande suspends shares in Hong Kong Baocheng Liu, director of the Centre for International Business Ethics at the University of International Business and Economics in Beijing, told Euronews that if Evergrande were to collapse, the "ripple effects are going to be huge". 03/01/2022