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UK finance minister, Bank of England working to minimize SVB fallout
CGTN

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The main entrance of Silicon Valley Bank is seen in the U.S., March 10, 2023. /REUTERS
The main entrance of Silicon Valley Bank is seen in the U.S., March 10, 2023. /REUTERS

The main entrance of Silicon Valley Bank is seen in the U.S., March 10, 2023. /REUTERS

Britain's finance ministry and the Bank of England are working together to minimize the disruption that could stem from the UK arm of collapsed U.S. bank Silicon Valley Bank, the ministry said on Saturday.

Officials from both groups are working closely together, the finance ministry said in a statement, with talks scheduled for later on Saturday to discuss the issues faced by British tech companies affected by the collapse.

(With input from Reuters)

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