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SILVERGATE COLLAPSE
The 11 days of turmoil that brought down four banks and left a fifth teeteringSilvergate Capital Corp. was the first US bank to collapse, done in by its exposure to the crypto industry’s meltdown. With Silvergate’s ob...21 Mar, 2023, 09.21 AM IST- Moody's changes outlook on U.S. banking system to 'negative' after SVB collapseBank runs at Silicon Valley Bank, Silvergate Capital Corp and Signature Bank have deteriorated the operating environment for the sector tha...15 Mar, 2023, 08.32 AM IST
- 7 points: What caused the sinking of Signature Bank?Signature Bank had total assets of about $110.36 billion and total deposits of roughly $88.59 billion as of December 31. While a run on the...13 Mar, 2023, 02.09 PM IST
- How is the Fed maneuvering the second largest banking failure in the USUS lenders were recently sent into a tailspin after SVB Financial Group, which specialises in venture-capital financing, announced a stock ...13 Mar, 2023, 11.23 AM IST
- Crypto firm Circle reveals $3.3 billion exposure to Silicon Valley BankThe stablecoin company's announcement comes after startup-focused SVB collapsed on Friday in the largest bank failure since the 2008 financ...11 Mar, 2023, 08.12 PM IST
- Regulators face reckoning for week of mayhem as as banks topple; a fraught debate beginsSVB’s abrupt demise — the biggest in more than a decade — has left legions of entrepreneurs in the lurch and livid. In Washington, politici...11 Mar, 2023, 04.49 PM IST
- Crypto firm Circle reveals $3.3 bln exposure to Silicon Valley BankTraders have been on guard this week for signs of contagion in the financial sector and beyond from troubles for SVB and crypto-focused Sil...11 Mar, 2023, 01.07 PM IST
- Crypto stocks slide after Silvergate decides to shut downSilvergate's latest move only highlights high-profile collapses among crypto market players since last year. Shorting in shares of Silverga...09 Mar, 2023, 10.15 PM IST
- Bitcoin steadies near lows hit after fall of SilvergateSilvergate Capital Corp said on Wednesday it planned to close and voluntarily liquidate, after warning last week that it was evaluating its...09 Mar, 2023, 04.42 PM IST
- Crypto-focused bank Silvergate plans to shut down following blow from FTXThe decision to shutter the bank comes after the company warned last week that it was evaluating its ability to operate as a going concern,...09 Mar, 2023, 12.59 PM IST
- Silvergate short bets amass $780 million payday as crypto bank sinksWagers against the stock surged in recent months as crypto contagion spread across the market and setbacks for the bank accumulated. About ...09 Mar, 2023, 08.02 AM IST
- Silvergate's deepening crisis jolts crypto stocksSeveral crypto stocks also closed in negative territory. Crypto lending peer Signature Bank was down 2.5%.07 Mar, 2023, 10.25 AM IST
- Bitcoin sinks to two-week low as Silvergate fallout hurts cryptoThe 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...04 Mar, 2023, 06.44 AM IST
- Coinbase, Galaxy, Paxos stop accepting transfers via Silvergate NetworkThe exodus threatens Silvergate’s SEN network, the bank’s key source of deposits and a platform for crypto participants to transfer money a...03 Mar, 2023, 08.16 AM IST
- Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuitThe fallout from the collapse of crypto exchange FTX and criminal charges leveled against its founder Sam Bankman-Fried weighed heavily on ...06 Jan, 2023, 09.06 AM IST
- Silvergate’s ‘worst-case scenario’ fuels wider concern on CryptoThe stunning collapse of Sam Bankman-Fried’s FTX crypto empire, followed by his arrest in the Bahamas and extradition to the US last month,...05 Jan, 2023, 10.53 PM IST
- Crypto collapse opens 1,350% gap between stocks, price targetsShares of crypto exchange Coinbase Global Inc. would need to rally a staggering 782% from their current level in order to reach their avera...23 Nov, 2022, 04.47 PM IST
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