Silvergate Capital Shuts Down Silvergate Bank, Shares Crash Nearly 50%
In what seems to have been an inevitable event, Silvergate Capital (NYSE: SI) announced on Wednesday that it is liquidating Silvergate Bank “in an orderly manner and in accordance with applicable regulatory processes.” “In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation … Continue reading Silvergate Capital Shuts Down Silvergate Bank, Shares Crash Nearly 50%
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