Silvergate Capital

According to reports, the stock price of Silvergate Capital rose 51%. Interpretation of this information: The recent reports indicate that there has been a significant increase in the stock price of Silvergate Capital, which shows a growth rate of 51%. This news is likely to attract the attention of investors, traders and market analysts who are curious about the factors that have contributed to this development. It’s a clear indication that Silvergate Capital is on the rise, and is likely to continue to attract a lot of attention. This growth…

It is reported that the analysts of JPMorgan Chase remain optimistic about the shares of Signature Bank (SBNY) due to the financial and regulatory problems faced by the encryption bank Silvergate Capital (SI), which questioned its long-term viability. Interpretation of this information: According to recent reports, JPMorgan Chase’s analysts have expressed their confidence in the shares of Signature Bank (SBNY) despite the financial and regulatory issues faced by other banks in the cryptocurrency space. Specifically, the analysts cited concerns over the long-term viability of Silvergate Capital (SI), which has struggled…

On March 7, Kaiko, a market research company, said in a report released on Monday that the troubled Silvergate Capital decided to close its popular instant settlement service SEN among large investors, which will improve the role of stable currency and its issuer in encrypted transactions. Kaiko’s report said: “With the demise of SEN, stable currency may become more common among traders.” Kaiko predicted that traders would no longer use bank channels to deposit dollars in the cryptocurrency exchange, but transfer funds to the issuer of stable currency to obtain…

It is reported that after the independent benchmark credit rating of Silvergate Capital and its bank subsidiary Silvergate Bank was lowered from ba3 to b2, Moody’s downgraded the bank’s rating. Silvergate Capital’s long-term issuer rating was downgraded from B1 to B3, and the outlook remained negative. Moody’s said in a report that although the company has laid off about 40% of its staff, we expect that the profitability will be seriously challenged in the next few quarters in view of the sharp decline in the deposits of companies centered on…

It is reported that the stock price of Silvergate Capital soared after the market maker giant Citadel Securities reported that it had held 5.5% of the shares of Silvergate Capital. Citadel holds 1.7 million shares of Silvergate Capital, valued at more than $25 million at Monday’s closing price. Interpretation of this information: The recent surge in the stock price of Silvergate Capital has been attributed to the revelation that Citadel Securities, a major market maker, owns a significant stake in the company. Citadel’s ownership of 1.7 million shares, worth over…