Musk lets in possibility of buying bankrupt Silicon Valley Bank

US businessman and billionaire Elon Musk has posted a twit assuming the possibility of buying the bankrupt Silicon Valley Bank (SVB), APA reports citing TASS.


“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.


Source: Azeri-Press News Agency