Silvergate Capital announced on Wednesday that it will wind down operations and liquidate Silvergate Bank.
"In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the Bank is the best path forward," the company said in a statement.All deposits will be fully repaid, according to a liquidation plan shared on Wednesday afternoon. It is unclear, however, how Silvergate plans to resolve claims against its business.
Centerview Partners will act as Silvergate's financial advisor and Cravath, Swaine & Moore will provide legal services.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Signature Bank, Stablecoins Might Benefit From Silvergate Exchange Network's DemiseThe slivergatebank 's Silvergate Exchange Network (SEN) played a crucial role in crypto markets. Now that it's been shut down, questions have arisen as to who or what is going to fill that void. $SI HeleneBraunn reports
Lire la suite »
Silvergate Talking With FDIC About How to Save Crypto-Focused Bank: BloombergTroubled crypto-focused bank Silvergate is talking with the FDIC about how to keep the company in business, according to Bloomberg. By NelWang
Lire la suite »
Silvergate in talks with FDIC officials on ways to salvage bank - Bloomberg NewsU.S. federal officials have been discussing with Silvergate Capital Corp's management to avoid a shutdown, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Lire la suite »
US regulators swoop in to help troubled bank Silvergate stay afloatTroubled crypto bank Silvergate sees regulators swoop in to try to help it stay afloat
Lire la suite »
Crypto prices flat, Silvergate declines ahead of Powell testimonyCrypto markets traded relatively flat as the market prepares for Federal Reserve Chair Powell's Congressional testimony on Tuesday.
Lire la suite »
Bitcoin Continues Trading Sideways at $22.4K as Silvergate Concerns MountBitcoin was trading above $22,400 Monday afternoon and squarely in the narrow range it’s occupied since last Thursday even as Silvergate fallout has widened. _jocelynyang_ reports
Lire la suite »