Federal Reserve Announces Termination of Enforcement Action Against Silvergate Bank and Its Holding Company
The Federal Reserve Board on Friday announced the termination of its enforcement action against California-based Silvergate Bank and its holding company, Silvergate Capital Corporation, according to an official announcement.
Beginning in May 2023, the Commission's enforcement action ensured that Silvergate Bank was liquidated and wound down in a manner that protected depositors. Since that time, Silvergate Bank has completed its liquidation and winding-up plan, has repaid all customer deposits, and is no longer operating as a bank.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The yen is once again approaching the 160 mark. Former Japanese foreign exchange diplomat warns that the US and Japan may "intervene jointly" at any time, and the Bank of Japan may accelerate interest rate hikes.
A former senior Japanese foreign exchange diplomat stated that Japan may intensify its intervention in the yen, and the Bank of Japan is accelerating the pace of interest rate hikes.
Q-Gold refiles Q1 interim financials to add IAS 34 compliance statement
Asahi Group publishes H1 2026 financial results presentation
Bernstein is cautiously optimistic about Super Micro Computer (SMCI.US), noting that strong AI server demand sends positive signals for Dell and HPE.
Bernstein has raised the price target for Super Micro Computer from $37 to $42, while maintaining a "Market Perform" rating.
Crypto prices
More
