Silvergate Capital Corp

Silvergate Capital Corp. is a holding company, which engages in the provision of banking and loan services. It focuses on the financial infrastructure solutions and services for participants in the nascent and digital currency industry. The company was founded in 1988 and is headquartered in La Jolla, CA.

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Shares of crypto bank Silvergate plunged 40% early on Thursday as news broke that there was a "bank run". What is the latest in crypto?

Silvergate Plunges: Is Crypto Really Decentralized?

Silvergate Capital Corp (NYSE: SI) shares dropped sharply on Thursday, with intraday declines as of midday more than 47% to see the crypto-focused bank's stock trade around $11.52. Silvergate shares fall as investors withdraw $8 billion in deposits Losses for crypto-friendly bank's shares followed the company's fourth-quarter report before markets opened.

Silvergate Capital shares plunge nearly 50% amid crypto-related negativity

Los Angeles, California--(Newsfile Corp. - January 5, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Silvergate Capital Corporation ("Silvergate" or "the Company") (NYSE: SI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

INVESTOR ACTION REMINDER: The Schall Law Firm Encourages Investors in Silvergate Capital Corporation with Losses of $100,000 to Contact the Firm

The US bank was forced to sell $5.2bn worth of assets for cash and booked a loss of $718m on those sales

Silvergate forced to cover $8bn worth of crypto-related withdrawals

The crypto bank provided a preliminary update on its fourth-quarter results.

Why Shares of Silvergate Capital Crashed Hard Today

Today's steep drop in Silvergate Capital (NYSE: SI ) stock may surprise some investors, but there's news to explain the share dump. This morning, Silvergate Capital provided a fourth-quarter 2022 business update and disclosed a major headcount reduction.

Why Is Silvergate Capital (SI) Stock Down 45% Today?

The bank had to cover $8.1 billion worth of withdrawals in late 2022, underscoring the impact of FTX's collapse on the cryptocurrency industry.

Silvergate slashes 40% of staff in the wake of a run on the crypto bank that forced it to sell assets at a loss to cover $8.1 billion in withdrawals

Silvergate Capital Corporation shares have tumbled more than 45% this morning after it reported a sharp drop in crypto-related deposits during the fourth quarter amid the fallout from the collapse of crypto exchange FTX. The company, which provides financial infrastructure solutions to the digital asset industry, said total deposits from digital asset customers came in at $3.8 billion - an $8.1 billion decline from $11.9 billion at the end of the previous quarter.

Silvergate Capital tanks on sharp decline in crypto-related deposits in 4Q

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Customers withdrew more than $8 billion from the crypto-focused bank over the last three months of 2022.

Silvergate Stock Crashes Nearly 50% As Bank Grapples With Crypto Crisis

Boston, Massachusetts--(Newsfile Corp. - January 5, 2023) - Block & Leviton announces that a class action lawsuit has been filed against Silvergate Capital Corp. (NYSE: SI) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/si.

Silvergate Capital Sued for Securities Law Violations; Investors Should Contact Block & Leviton for More Information

Silvergate Capital Corp (NYSE: SI) had a run on its accounts when the cryptocurrency exchange FTX went bankrupt, causing the bank to liquidate assets at a significant loss to cover customer withdrawals of almost $8.1 billion.

Silvergate (SI) stock crashes 40% in premarket as FTX collapse impacts bank

Silvergate Capital reported more than $8 billion in crypto-asset withdrawals in the fourth quarter; Feds move to seize assets. The post Silvergate Capital Dives On Crypto Exodus, Fed Seizures appeared first on Investor's Business Daily.

Silvergate Capital Dives On Crypto Exodus, Fed Seizures

The broader stock market was mixed waiting for signs of how the economy will fare in 2023.

Silvergate's Plunge Spells Trouble for Crypto Stocks

The bank, which was tied to failed crypto exchange FTX, reported a decline of nearly 70% in customer deposits last quarter.

Silvergate Capital tanks 40% after crypto bank discloses massive fourth-quarter withdrawals

Silvergate Capital was forced to offload assets at a substantial loss to cover $8.1 billion in withdrawals after its crypto deposits plunged 68% in Q4 2022, according to the WSJ.

Silvergate Shares Down 41% Premarket as $8.1B Bank Run Revealed

As FTX collapsed in November, crypto bank Silvergate experienced a bank run. Deposits plunged by $8.1 billion in the fourth quarter.

Silvergate Stock Sinks as Crypto Bank Says Deposits Have Plunged

Silvergate Capital Corp's crypto-related deposits plummeted in the fourth quarter, according to a preliminary earnings report on Thursday, as souring crypto sentiment following the collapse of FTX exchange led to a surge in withdrawals.

Silvergate Capital's crypto-related deposits plunge in fourth quarter

LA JOLLA, Calif.--( BUSINESS WIRE )--Silvergate Capital Corporation (“Silvergate” or the “Company”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced select unaudited and preliminary financial metrics for the three months ended December 31, 2022 and provided a business update. These metrics are subject to change in connection with conducting and completing normal closing procedures and an audit for the year ended December 31, 2022. The Company will also host a conference call at 8:00 a.m. (Eastern Time) today, January 5, 2023, to discuss certain recent developments.

Silvergate Announces Select Preliminary Fourth Quarter 2022 Financial Metrics and Provides Business Update

LA JOLLA, Calif.--( BUSINESS WIRE )--Silvergate Capital Corporation (“Silvergate” or the “Company”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced that it will release select unaudited and preliminary fourth quarter 2022 financial metrics before market open on Thursday, January 5, 2023, with a conference call to follow at 8:00 a.m. (Eastern Time).

Silvergate To Provide Select Preliminary Fourth Quarter 2022 Financial Metrics and Host Business Update Conference Call

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NEW YORK--( BUSINESS WIRE )--The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of California on behalf of those who acquired Silvergate Capital Corporation (“Silvergate”) (NYSE: SI) securities between November 9, 2021 through November 17, 2022 (the “Class Period”). Investors have until February 6, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed on Behalf of Silvergate Capital Corporation (SI) Investors and Encourages Investors to Contact the Firm Before February 6, 2023

Los Angeles, California--(Newsfile Corp. - January 3, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Silvergate Capital Corporation ("Silvergate" or "the Company") (NYSE: SI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

INVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in Silvergate Capital Corporation with Losses of $100,000 to Contact the Firm

New York, New York--(Newsfile Corp. - January 2, 2023) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Silvergate Capital Corporation (NYSE: SI) between November 9, 2021 and November 17, 2022, both dates inclusive (the "Class Period"), of the important February 6, 2023 lead plaintiff deadline.

ROSEN, LEADING INVESTOR COUNSEL, Encourages Silvergate Capital Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - SI

Los Angeles, California--(Newsfile Corp. - January 2, 2023) -  The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Silvergate Capital Corporation ("Silvergate" or "the Company") (NYSE: SI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

News for Silvergate Capital Corp Stock (SI)