It is the 16th largest bank in the USA and has more than 6,000 employees. Silicon Valley Bank (SVB) recently announced that it has filed for bankruptcy. In fact, allegations were made that Elon Musk could buy it. Today, Signature Bank, which works with crypto companies, has also been closed.
Crypto investors worried: Signature Bank has been shut down!
There are developments that shock investors in the USA and around the world. After Silicon Valley Bank was shut down recently, regulators decided to close Signature Bank in New York, known for its partnership and work with crypto companies due to systemic risk.
The relevant decision was shared in a joint press release by the Department of the Treasury, the Federal Reserve administration and the FDIC. It has been said:
“We are announcing a similar systemic exposure (like Silicon Valley Bank) exemption for Signature Bank in New York. Signature Bank was shut down by the state charter authority today. The status of all depositors will be observed. Silicon Valley Bank As in the decision, the taxpayer will not cover any losses.”
Elon Musk can buy bankrupt bank!
Elon Musk may buy the Silicon Valley Bank company, which operates in the USA. The bank, which announced that it was bankrupt, received a response from Musk.
As of December 31, 2022, Signature Bank’s total assets were around $110.4 billion. Its total deposits exceeded $88.6 billion. But this bank, like Silicon Valley Bank, surrendered to the system by hoisting the white flag.
Claim: Elon Musk aspires to Silicon Valley Bank!
After Silicon Valley Bank (SVB) collapsed and filed for bankruptcy, many investors and customers began to wonder if a new economic crisis was imminent. Others suggested that Twitter should buy the bank and digitize it. But no official step has come from Musk yet.
What do you think about this subject? Don’t forget to share your views with us in the comments!