Silvergate Capital Corp

From SVB’s sudden collapse to Credit Suisse fallout: 8 charts show financial market turmoil

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From SVB’s sudden collapse to Credit Suisse fallout: 8 charts show financial market turmoil

A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more

Silvergate and Silicon Valley Bank show risks of bank concentration in one area

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Silvergate and Silicon Valley Bank show risks of bank concentration in one area

Crypto-focused Silvergate, which announced plans to liquidate this week, is suffering similar woes to the failure of Silicon Valley Bank. Simply put, Silvergate’s distress is tied to rising interest rates — rather than the vagaries of digital assets. Silvergate had faced several financial challenges since the collapse of crypto exchange FTX, a former client. In … Read more