Silvergate Capital

The Securities and Exchange Commission (SEC) has initiated a lawsuit against Silvergate Capital Corp. (OTCPK: SICP), a California-based bank significantly impacted by the downfall of the cryptocurrency exchange FTX. The lawsuit, which was filed in federal court in Manhattan, alleges “...

Remember when New York-based Signature Bank (OTCPK: SBNY) became the third financial institution to collapse following the demise of Silicon Valley Bank and Silvergate Capital Corp? This led to some unexpected, if ironic, consequences...the ...

Former executives from bankrupt Silicon Valley Bank and Signature Bank sought to explain the sequence of events that led to the two banks' failures in March before the Senate Banking, Housing and Urban Affairs Committee on Tuesday.  “We took risk management seriously,...

Block.one, the crypto startup backed by Peter Thiel said on Wednesday that it sold its entire Silvergate Capital Corp (NASDAQ: SI) equity position. What Happened: Block.one said it has exited its equity position in Silvergate following the company's announcement last week that its annual...

JPMorgan Chase & Co. (NYSE: JPM) downgraded crypto-focused bank Silvergate Capital (NYSE: SI) on Friday from "overweight" to "neutral." The bank also lowered its price target from $30 to $14 on Friday, Coindesk reported. The financial behemoth in a research report stated...

Canaccord Genuity has lowered the price target for Silvergate Capital (NYSE: SI), citing its trade at a discount to book value. This comes after the bank released preliminary fourth-quarter results that showed a significant drop in customer deposits. The Analysis: The...

Silvergate Capital (NYSE: SI), a crypto institutional services provider, said that it is minimally exposed to the bankrupt BlockFi crypto lending firm. What Happened: According to Silvergate, the exposure to BlockFi is limited to less than $20 million of its total deposits from all digital asset...