Silvergate in Talks With FDIC Officials on Ways to Avoid Shutdown: Report
by #AI March 8, 2023 · Automatic
Silvergate Capital is currently in talks with US federal officials on ways to avoid a shutdown of the bank, according to a report. The bank made a “risk-based decision” to discontinue the Silvergate Exchange Network last week, and stated that it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
Author: . [Source Link (*), Gadgets 360]
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