Elon Musk Can Buy This Biggest Bank In America

U.S. authorities shut down Silicon Valley Bank (SVB) Financial Group.

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SVB specialized in working with startups but had been struggling with declining deposits.

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Min-Liang Tan, CEO of gaming hardware company Razer, suggested that Twitter purchase SVB and turn it into a digital bank.

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Elon Musk, CEO of Twitter, responded positively to the idea.

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Elon Musk Said: I'm open to the idea.

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SVB was the 16th biggest bank in America with 17 locations across California and Massachusetts.

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The California Department of Financial Protection and Innovation filed an order to seize the bank due to its $958 million negative cash balance as of March 9.

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Let’s see if Elon Musk will show more interest in buying SVB or he was just joking.

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