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Silvergate Bank gets a small mention; for context, see https://www.ft.com/content/5c960a79-ccbe-4805-a137-7e5241251c4e https://www.ft.com/content/5c960a79-ccbe-
by trynewideas 4y ago
Silvergate Bank gets a small mention; for context, see https://www.ft.com/content/5c960a79-ccbe-4805-a137-7e5241251c4e https://www.ft.com/content/5c960a79-ccbe-4805-a137-7e5241251...
It reported a US$1 billion quarterly loss four days ago: https://cryptoslate.com/silvergate-capital-posts-1b-loss-in-q422/ https://cryptoslate.com/silvergate-capital-posts-1b-loss-in-...
And used federal home loan advances when faced with its withdrawals run: https://www.americanbanker.com/news/silvergate-bank-loaded-up-on-4-3-billion-in-fhlb-advances https://www.americanbanker.com/news/silvergate-bank-loaded-u...