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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Crypto-focused bank Silvergate Capital Corp became the latest casualty of a meltdown in the industry after announcing plans to wind down operations and voluntarily liquidate.

Crypto lender Silvergate's descent into voluntary liquidation

Asana

These were some of the biggest movers among U.S. stocks on Thursday:

Silvergate Capital shares tumble amid crypto fallout and Asana stock surges on upbeat guidance

Silvergate Capital has bowed to the seemingly inevitable and announced it is to shut down its bank arm and voluntarily liquidate all of its holdings. “In light of recent industry and regulatory developments, Silvergate believes that an orderly wind-down of bank operations and a voluntary liquidation of the bank is the best path forward," the California-based firm said in a regulatory filing.

Silvergate closes down crypto bank with assets disposal to follow

The lender's problems stemmed partly from age-old banking risks such as concentration and matching assets and liabilities

Silvergate's Story Is About Fundamentals, Not Just Crypto

Signature Bank

Signature Bank SBNY, -1.47% stock is down 11% in premarket trades as carnage from the announced wind-down of digital currency financial services company Silvergate Capital Corp. SI, -5.76% impacted the company. The drop comes despite moves by Signature Bank to wind down its exposure to crypto amid healthy despots at the company.

Signature Bank stock drops sharply after Silvergate announces winddown

Shares of crypto-focused companies fell on Thursday in premarket trading after Silvergate Capital Corp disclosed plans to wind down operations and voluntarily liquidate, as the aftermath of FTX's implosion last year reverberates through the industry.

Crypto stocks slide after Silvergate decides to shut down

Bets against Silvergate have paid off, as shares sink 45% after the embattled crypto-friendly bank said it will shut down its operations.

Short-sellers rake in $780 million betting against Silvergate as the crypto-friendly bank closes its doors

The crypto-friendly financial institution has felt the brunt of rising interest rates and FTX's collapse.

Crypto bank Silvergate says it'll shut down as the market meltdown claims its 1st mainstream casualty

Silvergate Capital Corporation, the holding company of crypto-focused Silvergate Bank, announced Wednesday its intent to wind down operations and voluntarily liquidate the banking unit. The move came days after Silvergate shocked the industry with news that it was facing a financial crisis.

Crypto-friendly bank Silvergate to wind down after FTX blow-up

Silvergate shares have collapsed after delaying its annual report. Questions have arisen about the viability of SI in the future.

Silvergate Capital: The Latest Crypto Casualty

One crypto bank is no more — and one wonders what's next for the crypto banking business model itself.  To that end, Silvergate Capital said Wednesday night (March 8) that it would wind down operations and voluntarily liquidate Silvergate Bank.

Silvergate Eyes Pearly Gates as Crypto Bank Shuts Down and Liquidates

Silvergate's share price has tumbled 98% since its peak in November 2021.

Crypto Bank Silvergate Will Shut Down Amid Financial Problems

MongoDB

Markets clawed back from losses earlier in the session on Wednesday. MongoDB's stock fell as investors weren't satisfied with the cloud-database company's forecast for the coming year.

These 2 Stocks Are Feeling the Heat After Hours Wednesday

Silvergate Capital Corp. SI, -5.76% shares plunged more than 30% in after-hours trading Wednesday after the company said it intended to wind down operations and voluntarily liquidate its subsidiary Silvergate Bank, a crypto-friendly lender.

Silvergate Capital stock tanks as company plans to wind down its crypto-friendly bank

The crypto-market rout sparked a run that forced it to sell assets at a steep loss to cover withdrawals.

Crypto Bank Silvergate to Shut Down, Repay Deposits

SI stock tanked after hours Wednesday after Silvergate Capital announced plans to shut down and liquidate crypto lender Silvergate Bank. The post Silvergate Capital To Shut Down, Liquidate Crypto-Friendly Silvergate Bank appeared first on Investor's Business Daily.

Silvergate Capital To Shut Down, Liquidate Crypto-Friendly Silvergate Bank

Crypto-focused lender Silvergate said it is winding down operations and will liquidate the bank after being financially pummeled by turmoil in digital assets.

Crypto-friendly lender Silvergate collapses

Crypto-focused bank Silvergate Capital Corp said on Wednesday it planned to wind down operations and voluntarily liquidate.

Crypto-focused bank Silvergate plans to wind down operations

LA JOLLA, Calif.--(BUSINESS WIRE)--Silvergate Capital Corporation (“Silvergate” or “Company”) (NYSE:SI), the holding company for Silvergate Bank (“Bank”), today announced its intent to wind down operations and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable regulatory processes.

Silvergate Capital Corporation Announces Intent to Wind Down Operations and Voluntarily Liquidate Silvergate Bank

Struggling crypto-friendly bank Silvergate Capital is reportedly working with U.S. regulators to stay in business. Officials from the Federal Deposit Insurance Corporation (FDIC) have been in discussions with the California-based bank's management, Bloomberg News reported Tuesday (March 7), citing unnamed sources.

Report: Silvergate Works With FDIC Help to Stay Afloat

Crypto bank Silvergate is talking to FDIC regulators to find a way to avoid collapse as its troubles mount.

Troubled crypto bank Silvergate sees regulators swoop in to try to help it stay afloat

U.S. federal officials have been discussing with Silvergate Capital Corp's management to avoid a shutdown, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Silvergate in talks with FDIC officials on ways to salvage bank - Bloomberg News

Marathon Digital Holdings

Xerox

Stocks to sell are those that are underperforming and not meeting investors' expectations. Or, investors may sell stocks because they believe the stock's future performance is poor.

3 Stocks to Sell in March

The group's preferred shares have preference over the common stock in the case the troubled crypto bank gets liquidated. It's a risky play.

Not All Silvergate Stock Is Equal. A Way to Play the Troubled Crypto Bank.

Silvergate is discontinuing its interbank transfer network, a key pillar of growth as well as an important piece of crypto market infrastructure.

News for Silvergate Capital Corp Stock (SI)