Latest News

Silvergate Stock Sinks as Crypto Bank Says Deposits Have Plunged

Panorama of a city business district with office buildings and skyscrapers and superimposed data, charts and diagrams related to stock market, currency exchange and global finance. Blue line graphs with numbers and exchange rates, candlestick charts and financial figures fill the image with a glowing light. Sunset light.

Silvergate Stock Sinks as Crypto Bank Says Deposits Have Plunged | Barron’s

Shares in

Silvergate Capital

plunged Thursday, reversing big gains from the previous session, as the bank serving the cryptocurrency industry revealed that deposits have plunged and that it has been forced to sell assets at steep losses.

Silvergate (ticker: SI) stock tumbled 24% in premarket trading after the company released preliminary fourth-quarter financial results. The share-price losses come after a 27% rally on Wednesday, which happened in tandem with a big surge in stocks exposed to the cryptocurrency sector, including

Coinbase Global

(COIN) and



Amazon, Salesforce: When one veteran portfolio manager will feel good about buying battered tech stocks

Previous article

Silvergate Stock Plunges As FTX Collapse Triggers $8.1 Billion In Customer Withdrawals

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News