As the world is in a frenzy over the collapse of Silicon Valley Bank (SVB), CEO of Twitter and Tesla, Elon Musk expressed his willingness to save the bank.
This follows a tweet that suggested Twitter to buy SVB and make it a digital bank.
Responding to such suggestions, Musk said he was open to the idea.
The world billionaire had previously bought social media app Twitter in 2022 for $44 billion.
The failure of SVB has sparked panic around the world since last week, prompting California regulators to shut it down to control the situation.
As a result of the crisis as well, it has created an impact on other banking institutions such as Signature Bank New York to experience the same fate.
However, the United States government and the Federal Reserve (Fed) came up with new measures on Monday to ease world concerns.
It is understood that all SVB customers will have access to their deposits starting today, and Signature Bank depositors will also be paid in full with no loss to the taxpayer.
