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Zenger
Zenger
Business
Shanthi Rexaline

Hedge Fund Manager Calls For Government Intervention As Elon Musk Open To The Idea Of Buying SVB

Elon Musk Bill Ackman SVB United States Silicon Valley Bank US Federal Reserve FDIC OCC Tesla Inc. Twitter Inc.
In this photo illustration, a Silicon Valley Bank (svb) logo is displayed on the screen of a smartphone. The bank was taken over by the federal and state government on Friday citing liquidity and insolvency. SHELDON COOPER/BENZINGA

Following the collapse of Silicon Valley Bank, owned by its holding company SVB Financial Group, hedge fund manager Bill Ackman called for immediate action from the government.

Bill Ackman attends Legion of Honour Award Ceremony and Dinner for Olivia Tournay Flatto at the Park Avenue Armory on October 19, 2022 in New York City. Ackman called for the government to solve the issues of Silicon Valley Bank within a 48-hour span prior to the markets opening. SYLVAIN GADBOURY/BENZINGA
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