Funds that had been placed with Signature were also withdrawn and sent to other financial institutions, the spokesperson added.

US lenders were recently sent into a tailspin after SVB Financial Group, which specialises in venture-capital financing, announced a stock ...

Silvergate's latest move only highlights high-profile collapses among crypto market players since last year. Shorting in shares of Silverga...

Silvergate Capital Corp said on Wednesday it planned to close and voluntarily liquidate, after warning last week that it was evaluating its...

The decision to shutter the bank comes after the company warned last week that it was evaluating its ability to operate as a going concern,...

Wagers against the stock surged in recent months as crypto contagion spread across the market and setbacks for the bank accumulated. About ...

Several crypto stocks also closed in negative territory. Crypto lending peer Signature Bank was down 2.5%.

Silvergate shares on Friday slumped more than 2% in after-hours trading, after closing up 0.9% at $5.77 in regular trade. The shares on Thu...

The largest token sank as much as 6% before paring some of the slide to trade 4.4% lower at $22,380 as of 8:30 a.m. Friday in London. Small...

The exodus threatens Silvergate’s SEN network, the bank’s key source of deposits and a platform for crypto participants to transfer money a...

Several brokerages downgraded or cut their price targets on the bank's stock after a preliminary earnings report in which crypto-focused Si...

The fallout from the collapse of crypto exchange FTX and criminal charges leveled against its founder Sam Bankman-Fried weighed heavily on ...

The stunning collapse of Sam Bankman-Fried’s FTX crypto empire, followed by his arrest in the Bahamas and extradition to the US last month,...

MicroStrategy, an aggressive investor in the highly volatile cryptocurrency bitcoin, borrowed $205 million from crypto bank Silvergate Capi...

It also throws into question how Meta plans to handle commerce in the metaverse, a futuristic digital environment that Chief Executive Mark...

The sale was the culmination of several years of struggle for Meta's fintech unit, which lost most of its leadership, including director Da...

Meta, formerly Facebook Inc, first unveiled plans for Diem, known as Libra earlier, in June 2019, as part of an effort to expand beyond soc...