Musk Lets In Possibility Of Buying Bankrupt Silicon Valley Bank


(MENAFN- Trend News Agency) US businessman and billionaire Elon Musk has posted a twit assuming the possibility of buying the bankrupt Silicon Valley Bank (SVB), trend 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.

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