Tag Archive for Silvergate Capital

Crypto Bank Silvergate to Shut Down and Liquidate, after FDIC Examiners Show up. Shares Collapse Entirely

by Wolf Richter • Mar 8, 2023 • 160 Comments

In 16 months from $239 at peak crypto consensual hallucination to $2.76, including the 44% plunge afterhours.

Crypto Bank Silvergate Issues “Going Concern” Warning, Says Q4 Financials with $1 Billion Loss Were Fake, Loss Was Even Bigger, Frets about “Regulatory Capital Ratios”

by Wolf Richter • Mar 1, 2023 • 67 Comments

It just keeps getting funnier with this crypto stuff. Shares crush dip buyers after hours.

Crypto-Bank Silvergate Details its Own Implosion, Much of its Equity Capital Wiped Out. I’m Waiting for the FDIC to Show Up

by Wolf Richter • Jan 5, 2023 • 90 Comments

Wait a minute… It still “believes in” crypto? Is crypto now a religion that a bank “believes in?” FDIC, are you reading this?

Fed, FDIC, & OCC Warn Banks about Contagion from Cryptos, with Laundry List of Sordid Stuff Inherent in the Crypto Scene

by Wolf Richter • Jan 3, 2023 • 159 Comments

Only a couple of smaller banks have significant exposure to cryptos, and their shares have collapsed.