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Silvergate Capital Corporation (SI)

NYSE - NYSE Delayed price. Currency in USD

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14.24

+1.29

(+9.96%)

At close: 04:01PM EST

14.64

+0.40

(+2.81%)

Pre-market:

05:41AM EST

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CoinDesk
Crypto Bank Silvergate Shares Move Higher After BlackRock Boosts Stake
The troubled crypto bank gained nearly 10% in Tuesday's session.
CoinDesk
US Senators Press Crypto Bank Silvergate on Ties to FTX: Bloomberg
The lawmakers said in a letter that Silvergate’s previous responses to queries were “evasive and incomplete.”
Motley Fool
Why Silvergate Capital's Stock Dropped 11.4% on Friday
In a press release before the market opened, management said they were suspending dividend payments on 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A. This is a form of equity that pays a dividend, so there's an obligation to pay the dividend, but it's not as burdensome as debt. The move comes as investors are seeing customers flee Silvergate Capital, which could turn into a run on the bank. Unlike most banks, Silvergate has systemic risks from industry players that we may not know about.