thank you very much for talking to us, steven barnett, professor of i to us, steven barnett, professorom the bbc to come on to talk about this and we will let you know what they say and whether they come on and we will bring that to you. moving on now. the us treasury has moved to reassure investors after the largest bank failure since the financial crash of 2008. the collapse of silicon valley bank — a major lender to tech companies — triggered a share sell—off in other banks linked to the sector. for more on that, i'm joined now by peterjankovskis — he is vice president research andanalysis at arbor financial services. thank you forjoining us. could you talk us through and explain why this has happened with silicon valley bank? it has happened with silicon valley bank? . , , has happened with silicon valley bank? , , ., bank? it has its roots in two factors, first _ bank? it has its roots in two factors, first economy - bank? it has its roots in two factors, first economy wide | bank? it has its roots in two - factors, first economy wide interest rates have risen tremendously, which

steven barnett, professor of communications at the university of westminster.e — a big shock in one of the premier league games to bring you first. bournemouth beat liverpool 1—0 to move off the bottom of the table. phillip billing with the only goal of the game in the first half. mo salah missed a second half penalty for liverpool. everton i—o brentford. leicester 1—1 chelsea. leeds i—i brighton. spurs 2—0 nottingham forest. crystal palace v manchester city is the late game. celtic are through to the semis of the scottish cup. aaron mooy put celtic a goal up afterjust two minutes, kyogo furuhashi doubled their lead before the break. cameron carter—vickers with the third. rangers are in action on sunday. day 3 is underway at the pga player's championship — the top three in the world suffered contrasting fortunes after the second day. scottie scheffler is second on 7—under, jon rahm was forced to pull out with a virus. and rory mcilroy missed the cut after finishing on 5—over par. the 18th hole summed up his tournament, hitting from off the fairway, almost putti

steven barnett, professor of communications at the university of westminster.u that. the us treasury has moved to reassure investors after the largest bank failure since the financial crash of 2008. the collapse of silicon valley bank — a major lender to tech companies — triggered a share sell—off in other banks linked to the sector. for more on this i've been speaking to peterjankovskis, vice president of research andanalysis at arbor financial services. i asked him how it came about. it has its roots in two factors, first economy wide interest rates have risen tremendously, which has lowered the value of assets that were held by the bank, and that's not particular to silicon valley bank, that's true of all banks because fixed—term interest instruments do drop when interest rates rise. the second factor that is very specific is that they had a very narrow customer base. not only was it focused on technology but they were focused on technology start—ups which are controlled largely by these financing arms and when those financing arms suggested there was troubl

thanks so much to all of our guests, aiden white, qays siddiqui and steven barnett. thank you, too, for watching. you can see the program again, anytime, by visiting our website, aljazeera.com. and for further discussion, go to our facebook page. that's facebook.com/ajinside story. you can also join the conversation on twitter. our handle is @ajinsidestory. from me, mohammed jamjoom and the whole team here in doha. bye for now. ♪ o;o;ó7ó7ow■x■xÑtÑf?o■ñ ■#■#■#■■wo