WASHINGTON — Plans announced Sunday to fully reimburse deposits made in the collapsed Silicon Valley Bank and the shuttered Signature Bank will rely on Wall Street and large financial institutions — n...
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Investing
The Rise and Fall of Silvergate’s Crypto Business
Silvergate Bank lost more than $8 billion in deposits from its crypto customers in the final months of 2022 as its core block of business crumbled under the industry’s implosion – just as the bank’s r...
Investing
Silvergate Capital shares plunge as bank reveals doubts about its viability
New York CNN — Silvergate Capital, a dominant lender to cryptocurrency firms, is spiraling.
The bank’s shares fell more than 55% Thursday after it told the Securities and Exchange Commission in a...
Investing
Silvergate Suspends Crypto Payments Network
March 3 (Reuters) - Silvergate Capital Corp (SI.N) said on Friday it made a "risk-based decision" to discontinue the Silvergate Exchange Network, its crypto payments network, two days after the di...