Musk lets in possibility of buying bankrupt Silicon Valley Bank

Business & Economy March 12, 2023, 0:24

"I’m open to the idea," Elon Musk said

NEW YORK, March 12. /TASS/. 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.

Read more on the site →