Elon Musk expresses the desire to acquire the failing Silicon Valley Bank

Elon Musk expresses the desire –

Elon Musk: The Silicon Valley Bank was shut down on Friday, according to the California Banking Regulation. All of the bank’s assets and client fund deposits have been taken by the regulator.

SVB’s action made it the largest retail bank to fail since the 2008 global financial crisis.

Razer CEO Min-Liang Tan suggested in a post that Twitter considers purchasing Silicon Valley Bank and transforming it into a digital bank in the midst of the volatility in the UN share market and consumers of Silicon Valley Bank.

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Twitter President Elon Musk strangely replied to Liang’s post, saying, ” I am open to the notion”.

Regulators closed down Silicon Valley Bank after its share price dropped by 60% in a single trading day.