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The company said on Friday it had filed for court-supervised reorganization in the United States Bankruptcy Court for the Southern District of New York to preserve value. Original Source
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Prosecutors were looking at the crypto-friendly bank before regulators seized it, people familiar told Bloomberg. Source
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The SVB Financial Group appointed a restructuring committee for its venture capital and investment banking arm. Source
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Caitlin Long said bankruptcies were inevitable the moment bitcoin “started being leveraged, rehypothecated, or financialized with debt.” Source
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Crypto-focussed Silvergate Bank recorded net income of $27.4 million in Q1 2022, more than doubling its income of $12.7 million for the corresponding quarter a year earlier. Source
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There are a bunch of rules that you need to follow, regulator Cathie Armour said talking about the country's policies. Original Source
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Even after the news broke, the stock of OSL's parent, BC Technology Group, continued its week-long winning streak on the Hong Kong markets, rising 5%. Original Source
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Crypto-focussed Silvergate Bank's Q4 net income dipped nearly 9% to $21.4 million from $23.5 million in Q3.The bank's digital currency customers grew to 1,381 at the end of December from 1,305 at the end of September, according to an announcement on Tuesday.Average digital currency customer deposits also increased to $13.3
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