An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management.
Category: Silvergate Bank
Auto Added by WPeMatico
Tether adds Bahamas-based private bank Britannia as partner: Report
Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer.
Warren’s alleged work with short-seller shows anti-crypto army heating up
Elizabeth Warren reportedly took advice from Wall Street short-seller Marc Cohodes, who cashed in on the collapse of Silvergate and Signature banks.
Powered by WPeMatico
Stablecoins are a critical countermeasure to Operation Chokepoint
Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.
Powered by WPeMatico
Silvergate begins NYSE delisting process as it readies to cut 230 staff
The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing.
Powered by WPeMatico
JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators
Powered by WPeMatico
Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023
Powered by WPeMatico
US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
Powered by WPeMatico
Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin Criticism
Powered by WPeMatico
While Biden and Trump Blame Each Other for Bank Failures, Others Believe the Cause Might Be a Management Issue
Powered by WPeMatico