First Republic Bank stock losses grew steeper in premarket trades as fears persisted of another run on the bank after the failure of SVB Financial and Silvergate last week. First Republic Bank stock F...
Tag: SI
Crypto-friendly Signature Bank shut down by regulators, after collapses of Silicon Valley Bank, Silvergate
State authorities closed Signature Bank SBNY, -22.87% Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008 financial crisis, according to ...
What happened to Silvergate Capital? And why does it matter?
Silvergate Capital SI, -11.27% served as one of the main banks for the crypto industry, prior to its collapse earlier this week. The news came just a week after the firm delayed its annual report to t...
Stablecoin USDC falls below $1, faces $3.3 billion exposure to Silicon Valley Bank
USDC, a stablecoin that is supposed to trade one-to-one against U.S. dollars, has fallen below $1 on Saturday, after creator Circle said it had over $3.3 billion held at Silicon Valley Bank, which col...
Where Were the Regulators as SVB Crashed?
Silicon Valley Bank’s failure boils down to a simple misstep: It grew too fast using borrowed short-term money from depositors who could ask to be repaid at any time, and invested it in long-term asse...
Silicon Valley Bank’s Failure May Lead to Smaller Fed Rate Hike
The second-largest bank failure in U.S. history might help the Federal Reserve do its job of tightening credit and slowing the economy. To be sure, the sudden collapse of the Silicon Valley Bank unit ...
Rutherford Atayobo Throws Light Upon the Web3 Gaming Platoform Si…
Exclusive live discussion with Rutherford Atayobo, the accomplished Chief Operating Officer of SinVerse – a revolutionary blockchain-based metaverse game that boasts a cutting-edge R-Rated Mafia...
Signature Bank stock drops sharply after Silvergate announces winddown
Signature Bank SBNY, -1.47% stock is down 11% in premarket trades as carnage from the announced wind-down of digital currency financial services company Silvergate Capital Corp. SI, -5.76% impacted th...
Silvergate downgraded to underperform at Wedbush on prospects for liquidation after its shuts down its exchange network
Silvergate Capital Corp. SI, +0.87% stock fell 9.7% in premarket trades Monday after the company announced it’s shutting down its crypto currency payments network called the Silvergate Exchange Networ...
Dow ends down nearly 350 points after jobs data, hawkish Fed comments hammer stocks
U.S. stock indexes ended another choppy session in the red on Thursday as investors digested a fresh batch of labor-market data and hawkish commentary from Federal Reserve officials, while looking ahe...
Bill Miller Is Still Bullish on Bitcoin—and a Lot More
Professional athletes like to retire after a good run. Legendary value investor Bill Miller is taking a different route. Miller, 72, is sticking with the plan he announced in January to hang up his in...
Analysis of Silvergate Capital’s FTX and BlockFi Public Letters
December 6, 2022, 12:06PM EST • 4 min read Quick Take December 5, 2022 Silvergate CEO Alan Lane releases public letter addressing FTX, Alameda and the recent market turmoil Closed December 5, 2022 tr...
JPMorgan Chase downgrades three regional banks
JPMorgan Chase & Co. analysts on Friday downgraded three regional bank stocks and said they’re moving their outlook for the sector to neutral based on rising expectations of a recession as w...
20 banks that are sitting on huge potential securities losses—as was SVB
Silicon Valley Bank has failed following a run on deposits, after its parent company’s share price crashed a record 60% on Thursday. Trading of SVB Financial Group’s SIVB, -60.41% stock was halted ear...