Musk lets in possibility of buying bankrupt Silicon Valley Bank

NEW YORK: US businessman and billionaire Elon Musk has posted a tweet assuming the possibility of buying the bankrupt Silicon Valley Bank (S...


NEW YORK: US businessman and billionaire Elon Musk has posted a tweet assuming the possibility of buying the bankrupt Silicon Valley Bank (SVB).

"I think Twitter should buy SVB and become a digital bank," one of the users tweeted. "I’m open to the idea," Musk replied in a comment.

On Friday, the California Department of Financial Protection announced the bankruptcy of SVB, one of the largest banks in the United States. This became the largest bankruptcy of a US bank since times of the 2008 financial crisis, CNN TV Channel said earlier.

The Federal Deposit Insurance Corporation was appointed as the receiver for Silicon Valley Bank.

-News Feed

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Local Glob: Musk lets in possibility of buying bankrupt Silicon Valley Bank
Musk lets in possibility of buying bankrupt Silicon Valley Bank
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