The UK Government has coordinated an emergency meeting with tech companies affected by bankruptcy British subsidiary of Silicon Valley Bank. With less than 24 hours to go before the stock markets reopen, there is concern about the consequences of the collapse of the Californian bank.

Jeremy Hunt, Finance Minister of the United Kingdom has assured that the governor of the Bank of England “has made it very clear that there is no systemic risk for our financial system”. “Therefore, people should be calm on that basisbut there is a serious risk to our technology companies“, has added.

This Sunday a recording has been released that Silicon Valley Bank President Greg Becker he sent his workers just before the collapse of the entity that you can see in the video above. “My unfair question is can they stay, try to support each other, try to support our customers…he demanded. However, the fear spread too fast.

Companies are now looking for how to pay their salaries. They are not only technological, a good part of the solar energy companies Americans financed themselves through the bank. have been seen Cryptocurrencies also infected. The digital dollar has lost parity with the US currency.