Thursday, December 12, 2024

Tag: Weird Things Are Happening at Silvergate Bank and First Republic Bank

Weird Things Are Happening at Silvergate Bank and First Republic Bank

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    by Pam Martens and Russ Martens, Wall St On Parade:

    Silvergate Capital, the parent of Silvergate Bank – which has lost 90 percent of its share price year-to-date and announced it is winding down and liquidating — is still running a website that is putting a rosy glow on the bank’s operations. For example, under the heading of “Banking for the future,” the Silvergate website shares this:

    “Silvergate Bank has served entrepreneurs in unique and niche industries for over 20 years. Recognizing digital currency’s potential during the sector’s infancy, we built strong relationships with pioneers who were turned away by traditional banks. This solidified our position as industry-leading partners and innovators which remains true today.”