Silvergate Capital Corporation

Greg Becker, the former CEO of SVB Financial Group, the parent company of Silicon Valley Bank, attributed the bank’s collapse to a combination of factors, including rapid rate hikes by the Federal Reserve and negative sentiment amplified by social media. ...

Silvergate Capital Corporation (NYSE: SI) on Thursday announced that it will begin a series of substantial headcount reductions starting May 12. Approximately 230 employees will be affected in this first wave of separations. Further reductions are expected to take place on June 30, Aug. 30,...