Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Reports: The wounded is an Israeli occupation forces officer.
Reports indicate that a 25-year-old man was wounded and that the man behind the operation was "neutralized".
Reports indicate a stabbing operation took place at the Chain Gate (Bab al-Silsila Minaret) in the al-Aqsa Mosque compound in occupied al-Quds.
Iran MFA: Iran has not received any written proposal from the US on the nuclear deal, whether directly or indirectly.
Al Mayadeen correspondent in Yemen: Israeli aggression targets the port of As-Salif, Hodeidah governorate.
Reuters: The Russian and Ukrainian delegations met in Istanbul
Al Mayadeen's correspondent: 72 martyrs in Israeli raids on the Gaza Strip since dawn today
Al Mayadeen's correspondent: Iran maintains that its talks with the Europeans and its indirect negotiations with the United States are proceeding on separate tracks
Al Mayadeen's correspondent in Istanbul: Talks with the European Troika are being led by Iran's deputy foreign ministers for political and legal affairs
Al Mayadeen's correspondent: Bombardment of the Gaza Strip by land, sea, and air has continued since the early morning

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

Gaza humanitarian crisis 'intolerable', Macron says

Trump signals new US tariffs, warns trading partners of imminent hikes

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

Most Read

A boy draped in a Palestinian flag carries a mock rocket during a weekly anti-US and anti-Israeli rally in Sanaa, Yemen, Friday, May 9, 2025 (AP)

Yemen announces hypersonic missile strike on Ben Gurion Airport

  • Politics
  • 9 May 2025
Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025
Palestinians pray over bodies of people killed in the Israeli bombardment who were brought from the Shifa hospital before burying them in a mass grave in the town of Khan Younis, southern Gaza Strip, Wednesday, Nov. 22, 2023. (AP )

Gaza casualty figures mask a much bigger horror, new study shows

  • Politics
  • 11 May 2025
Gaza and the logic of necropolitics: Sovereignty measured by killing

Gaza and the logic of necropolitics: Sovereignty measured by killing

  • Politics
  • 15 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Romanian presidential front-runner accuses Macron of interference
Europe

Romanian presidential front-runner accuses Macron of interference

Syria signs $800 million deal with UAE to develop Tartus Port
MENA

Syria signs $800 million deal with UAE to develop Tartus Port

Some Pakistanis have taken to the streets in protest over India's decision to suspend the water deal. (AP Photo: Anjum Naveed)
Politics

India threatens Pakistan’s water supply with Indus river project plans

Former FBI chief accused of calling for Trump’s assassination
US & Canada

Former FBI chief accused of calling for Trump’s assassination

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS