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SILVERGATE WINDING DOWN
Silvergate Capital fully repays deposit liabilities"Silvergate continues to focus on implementing the Bank Liquidation," it said in a statement on Wednesday.- Silicon Valley Bank subsidiary sold to management teamHealthcare investment firm SVB Securities announced Sunday that its management team would buy out the company from parent Silicon Valley Ba...
- Exclusive-Crypto giant Binance controlled 'independent' U.S. affiliate's bank accountsSenior Binance management controlled five bank accounts belonging to its US affiliate, Binance.US. According to bank records from 2019 and ...
- Crypto giant Binance controlled 'independent' US affiliate's bank accountsUS lender Silvergate Bank authorized the executive, Guangying Chen, a close associate of Binance CEO Changpeng Zhao, to operate the account...
- Crypto giant Binance commingled customer funds and company revenue, former insiders sayOne of the sources, a person with direct knowledge of Binance's group finances, said the sums ran into billions of dollars and commingling ...
- Banks warier of serving crypto clients after blowups, regulatory scrutinyCross River Bank, for example, received requests from more than 100 new clients not all of whom were crypto companies seeking a safe harbor...
- 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...
- Bring back your money, new Silicon Valley Bank CEO urges depositorsIn a Zoom meeting with select investors and limited partners (LPs), he also asked for new deposits, saying that both existing and new depos...
- Crypto exchange Huobi says withdrew funds from failed US banksFunds that had been placed with Signature were also withdrawn and sent to other financial institutions, the spokesperson added.
- 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 ...
- 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...
- 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...
- 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...
- Bitcoin set for worst week since FTX crash on regulation, ratesThe largest token fell as much 2.1% on Friday, breaking below $20,000 for the first time since January, after falling more than 8% on Thurs...
- 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...
- 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,...
- Silvergate's deepening crisis jolts crypto stocksSeveral crypto stocks also closed in negative territory. Crypto lending peer Signature Bank was down 2.5%.
- Facebook's cryptocurrency venture to wind down after asset sale to SilvergateIt also throws into question how Meta plans to handle commerce in the metaverse, a futuristic digital environment that Chief Executive Mark...
- Facebook's cryptocurrency venture to wind down after asset sale to SilvergateThe sale was the culmination of several years of struggle for Meta's fintech unit, which lost most of its leadership, including director Da...
- Facebook's cryptocurrency venture to wind down and sell tech assetsMeta, formerly Facebook Inc, first unveiled plans for Diem, known as Libra earlier, in June 2019, as part of an effort to expand beyond soc...
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