Silicon Valley Bank collapse: Kevin McCarthy says larger bank acquirement may be 'best option' to cool markets

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Silicon Valley Bank collapse: Kevin McCarthy says larger bank acquirement may be 'best option' to cool markets
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House Speaker Kevin McCarthy, R-Calif., told Maria Bartiromo Sunday that the purchase of Silicon Valley Bank may be the best way to move forward after Friday's collapse.

A customer stands outside of a shuttered Silicon Valley Bank headquarters on March 10, 2023 in Santa Clara, California.

Responding to Bartiromo's question regarding the potential for a larger institution to purchase Silicon Valley Bank, McCarthy said there's"great potential" and that the prospect of purchasing could be"attractive" to some. Speaker of the House Kevin McCarthy, R-Calif., conducts a news conference in the U.S. Capitols Statuary Hall on Thursday, January 12, 2023.

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