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BREAKING
Unprovoked aggression against Iran has no basis or justification: Putin
Shahid Beheshti University Public Relations: The Israeli aggression targeted a building belonging to Shahid Beheshti University with the aim of sabotaging Iran's cultural and scientific infrastructure
Al Mayadeen correspondent: The Fordow nuclear facility was bombed once again, 24 hours after the US aggression.
Fars News Agency, citing informed sources: The Iranian Armed Forces used the Kheibar-Shekan, Emad, Ghadr, and Fattah missiles in their attacks on the Israeli entity today
Sirens sound from the occupied Golan Heights to Akka and Nahariya
Sirens sound again in the occupied Golan Heights and al-Jalil
Israeli media: Power outages reported in several settlements following a missile attack targeting an infrastructure facility
Israeli media: Strategic location in the south likely hit
Israeli media outlet: Reports of missiles falling in at least 7 areas, including Askalan, Safad, and Isdud
Israeli media: Sirens sounding non-stop across 'Israel' with explosions heard throughout the area

Musk 'open to the idea' of buying SVB, turning it into digital bank

  • By Al Mayadeen English
  • Source: Agencies
  • 12 Mar 2023 11:51
2 Min Read

Elon Musk is renowned for his unexpected business ventures.

  • x
  • Musk 'open to the idea' of buying SVB, turning it into digital ban
    US billionaire and Tesla chief Elon Musk (AFP)

The world's second-richest man, American billionaire and Twitter owner, Elon Musk said he does not rule out the possibility of buying collapsed US Silicon Valley Bank.

Responding to a user on Twitter suggesting that Tesla's Musk should buy the failed entity and transform it into a digital bank, Musk replied, "I’m open to the idea."

Read more: Musk plans to develop towns in Texas to house company workers: CNN

I’m open to the idea

— Elon Musk (@elonmusk) March 11, 2023

Related News

Iran filled in nuclear site tunnels ahead of US airstrikes: Analysts

Iranian missile strike on Haifa went undetected, Israeli probe finds

On Friday, Silicon Valley Bank (SVB), America's 16th-largest bank, collapsed marking the second-largest bank failure in US history, which prompted regulators to seize its assets and halt trade on its stocks in Nasdaq.

Despite scrambling to allocate funds or find a buyer, the bank's failure to do so has led to the value of its shares crashing.

SVB, which is one of the main lenders and a partner to technology and healthcare startups that went public in 2022 - including well-known firms - has sent the early-stage tech companies and the banking sector in a spiral.

Read more: Biden discusses SVB collapse with California governor

California's Department of Financial Protection and Innovation (CDFPI) and Federal Deposit Insurance Corp (FDIC) announced on Friday the seizing of SVB's assets - worth nearly $175 billion - and relocating them to a newly established institution, the Deposit Insurance Bank of Santa Clara.

The new body will be responsible for making payments to clients with insured deposits on Monday, while the remaining assets will be auctioned to pay other depositors.

  • United States
  • US
  • Elon Musk
  • Twitter
  • Silicon Valley bank
  • SVB

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Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

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  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

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  • 18 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

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  • 22 Jun 2025
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  • 19 Jun 2025

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