Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse
Crypto-friendly Silvergate Bank ultimately collapsed this year due to over-dependence on risky crypto deposits and nepotism that led to ineffective...
Silvergate
Fed report blames Silvergate collapse on crypto coziness, nepotism
A recent investigation by the Federal Reserve Board of Governors found that Silvergate Bank collapsed because of its overreliance on...
Silvergate loses C-suite, PayPal gains new CEO amid stablecoin effort
The wind down of ill-fated, once-crypto friendly Silvergate Bank continued this week. CEO Alan Lane and chief legal officer John...
Silvergate CEO departs as La Jolla crypto-focused bank continues shutdown
Silvergate Capital, a La Jolla-based financial institution that grew by largely catering to cryptocurrency traders, announced Aug. 15 that its...
Silvergate CEO to depart amid ongoing liquidation and investor suits
Silvergate CEO Alan Lane and two other key executives are set to depart from their positions amid a wind-down of...
Silvergate to submit shutdown plan in coming days after Federal Reserve order
The Federal Reserve Board said June 1 that it issued a consent order to the crypto-friendly bank Silvergate, instructing it...
Royal Bank of Canada Allocators Cut Most Crypto Stocks Last Quarter
Portfolio managers tied to the Royal Bank of Canada — the nation’s largest bank — slashed stakes across the majority...
Silvergate Lays Off 230 Employees, Leaving 80 Remaining at Liquidated Bank
Silvergate said that it would lay off approximately 230 employees. In an SEC filing dated May 12, the company said...
Crypto Hiring: Elon Musk Hires New Twitter CEO, Silvergate Lays Off 230 Employees
Back in December, Elon Musk put his job as Chief Twit up to a vote on Twitter, and 57.5% of...
Silvergate Bank to cut 230 staff as it winds down
Silvergate Bank will significantly reduce its staff headcount as it winds down operations, according to an SEC filing submitted May...