Elon Musk to Acquire Bankrupt Silicon Valley Bank

American businessman Elon Musk did not rule out the possibility of buying the bankrupt Silicon Valley bank.

Musk tweeted, “I’m open to the idea,” in response to a comment from a user who suggested that Musk buy the bank and convert it to an electronic bank.

Earlier, the news spread about the closure of the well-known SVB bank in California.

Notably, US Treasury Secretary Janet Yellen warned that the problem of default could spell disaster for the US.

Source: RT