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-centric bank Silvergate says the industry's continued downturn led to a $1 billion quarterly loss. “During the fourth quarter of 2022, the digital asset industry experienced a transformational shift, with significant over-leverage in the industry-leading to several high-profile bankruptcies,” Silvergate Capital Corporation said in a news release Tuesday (Jan. 17).

Silvergate Reports $1B Loss After Crypto's ‘Transformational Shift'

New York, New York--(Newsfile Corp. - January 17, 2023) - Pomerantz LLP announces that a class action lawsuit has been filed against Silvergate Capital Corporation (NYSE: SI), and certain officers.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on Their Investment in Silvergate Capital Corporation of Class Action Lawsuit and Upcoming Deadline - SI

A big loss led to a big -- but brief -- share price surge.

Why Silvergate Capital Stock Popped This Morning

(Kitco News) - Silvergate Bank has reported a net loss of more than $1 billion in the fourth quarter of 2023 due to a “transformational shift” in the digital asset industry.

Silvergate price spikes 28% despite $1 billion net loss in Q4 2023

A meltdown in cryptocurrency markets over the past year has seen the bank bleed cash, forcing a business restructuring and mass layoffs.

Crypto Bank Silvergate Lost $1 Billion Last Quarter. Why the Stock Is Still Rising.

Cryptocurrency-focused financial institution Silvergate Capital had little to celebrate in its fourth-quarter earnings call on Tuesday, January 17. The company had a net loss of US$949mln for the year ending December 31, 2022, compared to a net income of US$75.5mln for the year ending December 31, 2021, resulting in diluted losses per common share of -US$30.

Silvergate Capital posts dire year-end results, hits surprise stock market rally

Boston, Massachusetts--(Newsfile Corp. - January 17, 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.

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

Silvergate Capital Corp reported a net loss of $1 billion in the fourth quarter, after reporting earlier this month that investors spooked by the collapse of crypto exchange FTX pulled out more than $8 billion in deposits in the last three months of 2022.

Silvergate Capital reports net loss of $1 billion for the fourth quarter

Silvergate customers pulled $8.1 billion in deposits in the fourth quarter amid FTX's collapse.

Silvergate swings to $1 billion fourth-quarter loss after FTX's crash sparked a bank run that drained billions in deposits

Silvergate Capital Corporation (NYSE:SI) and its wholly-owned crypto-focused subsidiary Silvergate Bank, recorded a more than $1 billion net loss during the fourth quarter of 2022, according to financial results the company reported on Tuesday. According to the banking provider, the net loss for the three months ending 31 December 2022 was approximately $1.05 billion.

Silvergate reports $1 billion net loss amid significant outflows

Silvergate Capital Corporation (SI) delivered earnings and revenue surprises of -28.36% and 18.21%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Silvergate Capital Corporation (SI) Misses Q4 Earnings and Revenue Estimates

A meltdown in cryptocurrency markets over the past year has seen the bank bleed cash, forcing a business restructure and mass layoffs.

Silvergate Capital Misses Estimates as Crypto Bank Sees $1 Billion Quarterly Loss

Shares of Silvergate Capital Corp. SI, -4.00% rallied 1.9% in premarket trading Tuesday, even after the cryptocurrency bank swung to a net loss of $1.0 billion, more than expected, citing a “transformational shift” in the digital asset industry due to significant over-leverage. The bank said it decided to “substantively reduce its workforce” to account for the “economic realities facing its business and the digital asset industry today.

Silvergate Capital posts $1 billion net loss and will ‘substantively reduce' its workforce, but stock gains

LA JOLLA, Calif.--( BUSINESS WIRE )--Silvergate Capital Corporation (“Silvergate” or “Company”) (NYSE:SI) and its wholly-owned subsidiary, Silvergate Bank (“Bank”), today announced financial results for the three and twelve months ended December 31, 2022.

Silvergate Capital Corporation Announces Fourth Quarter 2022 Results

Silvergate Bank felt the effects of the crypto industry shakeup in 2022, specifically the fall of FTX, as crypto-related deposits dried up. The management team of Silvergate implemented prudent policies to avoid a potential bank run, maintaining healthy cash reserves.

Silvergate: A Prime Target For Takeover In The Crypto Industry

NEW YORK , Jan. 16, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds of purchasers of the securities of Silvergate Capital Corporation (NYSE: SI) between November 9, 2021 and January 5, 2023, both dates inclusive (the "Class Period"), of the important February 6, 2023  lead plaintiff deadline. SO WHAT: If you purchased Silvergate securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, A TOP RANKED LAW FIRM, Encourages Silvergate Capital Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - SI

RADNOR, Pa. , Jan. 14, 2023 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Silvergate Capital Corporation ("Silvergate") (NYSE: SI).

INVESTOR NOTIFICATION: Kessler Topaz Meltzer & Check, LLP Announces Lead Plaintiff Deadline on February 6, 2023 in Securities Fraud Class Action Lawsuit Filed against Silvergate Capital Corporation

New York, New York--(Newsfile Corp. - January 14, 2023) - WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a new class action lawsuit on behalf of purchasers of the securities of Silvergate Capital Corporation (NYSE: SI) between November 9, 2021 and January 5, 2023, both dates inclusive (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than February 6, 2023.

ROSEN, Leading Investor Counsel, Encourages Silvergate Capital Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - SI

San Francisco, California--(Newsfile Corp. - January 13, 2023) - Hagens Berman urges Silvergate Capital Corporation (NYSE: SI) investors who suffered significant losses to submit your losses now.Class Period: Nov. 9, 2021 - Nov. 17, 2022Lead Plaintiff Deadline: Feb. 6, 2023Visit: www.hbsslaw.com/investor-fraud/SIContact An Attorney Now: SI@hbsslaw.com844-916-0895Silvergate Capital Corporation (NYSE: SI) Securities Class Action The complaint alleges that Defendants misrepresented and failed to disclose to investors: (1) that Silvergate'

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Silvergate Capital (SI) Investors with $200K+ Losses to Contact Firm's Attorneys Before Feb. 6th Deadline in Securities Fraud Class Action

Goldman Sachs

Morgan Stanley

Stocks traded right around the break-even line about an hour after Friday's opening bell.

Earnings Previews: Goldman Sachs, Morgan Stanley, Silvergate Capital

The significant outflow of Silvergate deposits, that the company has experienced, is indicative of a significant crisis of confidence. Along with the deposits, Silvergate will almost certainly lose its network effect, the main competitive advantage.

Silvergate Capital: Don't Buy The Dip, There Is An Alternative

Marathon Digital Holdings

Today's encouraging inflation data is helping Bitcoin (BTC) reclaim a key level, with the cryptocurrency jumping above $18,000 for the first time since Dec. 14.

Crypto Roundup: Bitcoin's Surge Boosts Adjacent Stocks

Philadelphia, Pennsylvania--(Newsfile Corp. - January 12, 2023) - It is alleged that Silvergate Capital Corporation (NYSE: SI) and its officers failed to disclose that Silvergate's platform lacked basic controls to detect money laundering and that as a result certain Silvergate customers were able to engage in money laundering in amounts exceeding $425 million, exposing Silvergate to regulatory scrutiny and damages.

Grabar Law Office Investigates Claims on Behalf of Shareholders of Silvergate Capital Corporation (SI)

SAN DIEGO--( BUSINESS WIRE )--The Class: Robbins LLP informs investors that another shareholder filed a class action on behalf of investors who purchased or otherwise acquired Silvergate Capital Corporation (NYSE: SI) securities, for violations of the Securities Exchange Act of 1934. The class period for the new case concerns shares purchased between November 9, 2021 and January 5, 2023. Silvergate is a digital currency company. Its platform, the Silvergate Exchange Network (“SEN”), provides payments, lending, and funding solutions for an expanding class of digital currency companies and investors. Silvergate is also the parent company of Silvergate Bank, which provides financial services that include commercial banking, commercial and residential real estate lending, mortgage warehouse lending, and commercial business lending.

Second Class Action Filed Against Silvergate Capital (SI): Contact Robbins LLP for Information Regarding the Class Actions Against Silvergate Capital Corporation

LOS ANGELES--( BUSINESS WIRE )--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)